| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107326.3600000000 |
| ETH | $2435.5800000000 |
| BNB | $649.3298400000 |
| XRP | $2.1871910000 |
| ADA | $0.5617563000 |
| SOL | $150.0004000000 |
| DOGE | $N/A |
| DOT | $3.3997000000 |
| LTC | $86.4460000000 |
| LINK | $13.3416700000 |
Category: CRYPTO NEWS
The post Méliuz Becomes First Public Brazilian Company to Embrace Bitcoin as Treasury Asset appeared on BitcoinEthereumNews.com. Méliuz pushed ahead after the shareholder vote, shifting its treasury focus entirely toward holding Bitcoin long-term. Stock jumped over 117% after first Bitcoin buy, now holding 320.25 BTC worth over $33 million. Méliuz becomes the first publicly traded company in Brazil and Latin America to have incorporated Bitcoin into its treasury. Shareholders sanctioned the inclusion of Bitcoin in the corporate strategy of the fintech company on May 15. The inclusion brings the company’s operations in line with long-term exposure to the digital currency. The announcement was in response to an extraordinary general meeting in which a majority supported the new course. Méliuz confirmed in a press release that the company’s objective had been revised to encompass investments in Bitcoin. It also reaffirmed its new focus on transitioning from legacy treasuries to one focused on digital assets. Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil. And today, we took another step forward:Acquired 274.52 BTC for US$ 28.4MAverage price: US$ 103,604Achieving a BTC Yield of… pic.twitter.com/y12JlKwW6N — Israel Salmen (@IsraelSalmen) May 15, 2025 The firm bought 274.52 Bitcoin for $28.4 million, spending an average of $103,604 on a coin. This adds on top of the 45.73 Bitcoin purchased in March. Méliuz now has a total of 320.25 Bitcoin, valued at more than $33 million in current prices. Méliuz Leads With First-Mover Status in Brazil Executive Chairman Israel Salmen referred to May 15 as a significant milestone, observing that Méliuz had been the “first Bitcoin Treasury Company listed in Brazil.” According to him, the objective is to build up Bitcoin positions in the long run through the capital market and resources for the benefit of shareholder value. Since its first-ever Bitcoin investment on March 6, the company has…
2025-05-17T02:34:06+00:00