Brazilian agency Méliuz seeks $26m increase to purchase extra Bitcoin
Méliuz, a publicly traded fintech in Brazil, has filed for approval to boost $26.4 million that it plans to make use of to purchase extra Bitcoin.
In line with a report by Reuters, the corporate is searching for regulatory approval for a suggestion of 17,006,803 widespread shares to boost 150 million reais, or roughly $26.4 million. If the applying is accepted, Méliuz plans to make use of the proceeds to purchase Bitcoin (BTC).
Per the securities submitting the corporate submitted Friday, pricing for the providing shall be on June 12, 2025. Whereas the goal is $26.4 million as per the share providing, Méliuz says the corporate might increase this by 200% ought to the transfer be required.
Méliuz’s newest transfer comes simply weeks after the corporate revealed it had bought $28.4 million in BTC, increasing its haul following shareholder approval of plans to make the fintech agency a Bitcoin treasury firm.
In line with Israel Salmen, govt chairman of Méliuz, the 274.52 BTC the corporate acquired introduced its whole to 320.3 BTC. Its first foray was a forty five.73 BTC purchase in early March 2025, with the full buy accomplished at a mean worth of $101,703 per Bitcoin.
“Historic day! Our shareholders have accepted, by a large majority, the transformation of Méliuz into the primary Bitcoin Treasury Firm listed in Brazil,” Salmen mentioned on the time.
Méliuz’s enterprise provides to the rising development of publicly traded firms elevating funds to bolster their Bitcoin treasury methods. Two of the headlines on the subject this week have come from GameStop and Trump Media.
Online game retailer GameStop formally grew to become a Bitcoin firm when it acquired 4,710 for over $500 million.
In the meantime, Trump Media introduced plans to boost $2.5 billion to purchase the world’s main digital asset as a part of its company technique. The corporate has taken this massive step with a $2.44 billion increase. These firms search to comply with within the footsteps of Technique, previously MicroStrategy, which first purchased Bitcoin in August 2020.