Méliuz Becomes Brazil’s First Bitcoin Treasury Company
- Brazilian fintech Méliuz invested $28 million in Bitcoin.
- The company purchased 274.52 BTC at an average price of $103,604 per coin.
- Following the announcement, Méliuz’s stock surged by 26%.
- Méliuz is listed on Brazil’s oldest stock exchange (B3: CASH3).
- The move aims to maximize Bitcoin per share for better shareholder returns.
Méliuz has transformed into Brazil’s first Bitcoin treasury company by investing $28 million in Bitcoin, leading to a significant rise in its stock value. The company aims to enhance shareholder returns through this strategic shift.
Source (2.6)https://decrypt.co/320510/brazilian-fintechs-shares-rocket-following-bitcoin-buying-strategy?rand=52368
