Méliuz’s executive chairman says that Brazil’s first publicly trading bitcoin has become a Bitcoin Treasury Company after his Fintech firm shareholder approval, the firm also announced that he bought a $ 28.4 million bitcoin to add to his existing stack.
“Historical Days! Our shareholders have approved the change of meliuse in the first bitcoin Treasury Company listed in Brazil,” Israel Salman Posted From X on 15 May.
Salman said that the firm 274.52 bitcoin (BTC) For average purchase price of $ 103,604, receiving BTC yield of 600%.
Méliuz now holds 320.3 bitcoins, which costs more than $ 33 million, with the latest purchase with Brazilian Fintech firm 45.73 first purchase of bitcoin On 6 March.
In May 15 statement, Mealouz Said This will deposit bitcoin in “accreative methods” for shareholders using a series of financial instruments.
“Instead of allocating the part of its cash to the bitcoin as a defense against inflation or currency devaluation, the company has rebuilt its purpose of working by maximizing the amount of bitcoin per share.”
According to Salman, Méliuz is First bitcoin treasury company In Latin America because employed bitcoin investment is now part of its “business strategy”.
Bitcointreasuries.net data This shows that the e-commerce platform Mercdolibre with more than 570 bitcoins after the latest purchase of 157.7 bitcoins on 31 March is more than $ 59.2 million.
Méliuz has been one of Brazilian top performing shares
Méliuz (Cash3.SA) has been Best performing shares But Brasil Bolsa Balco Since the firm announced the purchase of its first bitcoin on 6 March, since then there was an increase of more than 117%, since then, according to Google Finance data.
The market cap of Méliuz now now sits at 727.9 Brazilian Real, or more than $ 128 million.
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Fintech firm is well known for this Cash program And serves over 30 million users across Brazil.
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