Meliuz Allocates 10% of Reserves to Bitcoin
- Brazilian fintech Meliuz will invest up to 10% of its reserves in Bitcoin.
- The company purchased 45.72 BTC, valued at approximately $4.1 million.
- A Strategic Bitcoin Committee has been formed for investment oversight.
- Bitcoin is seen as a hedge against inflation and currency devaluation by Meliuz.
- Guilherme Bandeira, a prominent Bitcoin advocate, joined the board recently.
Meliuz has taken a significant step by investing up to 10% of its financial reserves in Bitcoin, starting with an initial purchase of 45.72 BTC worth about $4.1 million. The company aims to use Bitcoin as a hedge against inflation and currency devaluation.
Source (2.6)https://hodl.press/fintech-giant-meliuz-invests-10-reserves-in-bitcoin/?rand=24434
