Méliuz, a Brazilian fintech company, caused shares to fall more than 8% on Friday after announcing plans for a primary issuance of shares to raise up to 450 million reais (78.6 million USD) to buy more Bitcoin.
Initially, the company planned to issue 17 million shares to raise 150 million reais (26.2 million USD), with the potential to expand up to three times if demand increases.
This move marks a new step in Méliuz’s transformation strategy into “Brazil’s first Bitcoin treasury company.” Since March, the company has purchased 320.2 BTC worth approximately 33.55 million USD. Méliuz is one of the first fintech companies in Brazil to provide access to cryptocurrency and is increasing its participation in this field. The company stated that the current goal is to maximize the amount of Bitcoin per share, rather than just using Bitcoin as an inflation hedge.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
