A first in Brazil: Bitcoin investment from a public company

The Brazil-based publicly traded fintech company Méliuz announced that it has made a new acquisition of 274.52 BTC. This purchase was made as part of the "Bitcoin Treasury Strategy" initiated with the approval of shareholders.

Méliuz Chairman Israel Salmen stated in a statement he made via X on Thursday, "It has been accepted with the approval of the vast majority of our shareholders for Méliuz to become the first publicly traded company in Brazil to hold Bitcoin reserves."

The company acquired 274.52 BTC for a total of 28 million 400 thousand dollars, at an average price of 103 thousand 604 dollars per Bitcoin. With the current market value, Méliuz's total Bitcoin holdings have exceeded 33 million dollars with 320.2 BTC.

The press release published by Méliuz included the following statements:

"The main mission of a company that has a Bitcoin reserve is to accumulate Bitcoin on behalf of its shareholders. The company aims to increase demand for this asset over time by utilizing cash generation and capital market instruments."

Méliuz made its first Bitcoin acquisition on March 6. Since that date, the company's share price has increased from $0.68 to $1.69, showing a rise of 149 percent.

Published: May 16, 2025 15:25