According to Foresight News, according to PayPal's annual report submitted to the U.S. Securities and Exchange Commission (SEC), as of December 31, PayPal held a total of $604 million in Bitcoin, Ethereum, Litecoin and Bitcoin Cash for its customers. Among them, Bitcoin was $291 million and Ethereum was $250 million. The remaining $63 million was made up of Litecoin and Bitcoin Cash.
The payments company has allowed customers to buy and sell cryptocurrencies since October 2020, though it only recently began disclosing specific holdings of different cryptocurrencies in its filings with the U.S. Securities and Exchange Commission.
