Brazil Fintech Méliuz Becomes Bitcoin Treasury Company, Adds $28.4M BTC

Méliuz, a Brazilian fintech firm, has announced its transition into Brazil’s first publicly-traded Bitcoin treasury company, a move approved by its shareholders. The company’s executive chairman, Israel Salmen, proclaimed the development a “historic day” on X, signaling a significant shift in the company’s strategic direction.

Méliuz Begins Bitcoin Accumulation

Salmen revealed on X Méliuz the acquisition of 274.52 Bitcoin, valued at $28.4 million. The average purchase price was $103,604 per Bitcoin. According to the chairman, the investment drives a BTC yield of 600%.

The company’s total Bitcoin holdings now stand at 320.3 BTC, with a market value exceeding $33 million. This recent purchase augments Méliuz’s initial acquisition of 45.73 Bitcoin on March 6.

Méliuz shared its plan to gather Bitcoin on May 15. They said they want to buy Bitcoin in a way that helps their shareholders, using different money tools to do so, stating:

“Rather than just allocating part of its cash to Bitcoin as a hedge against inflation or currency devaluation, the Company has repositioned its purpose to act by maximizing the amount of Bitcoin per share.”

Salmen noted that Méliuz is the first Bitcoin treasury company in Latin America because it includes Bitcoin investments in its main business plan. This differs from companies that might own Bitcoin as part of a larger investment portfolio.

Data from BitcoinTreasuries.NET shows that MercadoLibre, another online shopping site, has more Bitcoin. They currently have over 570 BTC, worth $59.2 million, after buying 157.7 BTC on March 31. Even though MercadoLibre has more Bitcoin, Méliuz stands out as a dedicated Bitcoin treasury company because it uses Bitcoin in its business.

Investors Increase BTC Acquisition

Meanwhile, Addentax Group Corp. announced it is in early talks with major Bitcoin and other popular cryptocurrency owners about possibly buying digital assets. The deal might involve issuing company stock for up to 8,000 Bitcoins, plus other cryptocurrencies like Official Trump, which is currently worth about $800 million. 

Moreover, Addentax Group Corp. sees this as a key move to strengthen its long-term investment in crypto assets. The company thinks that bringing in influential cryptocurrency owners as shareholders will greatly expand its network in the industry.

ATXG aims to improve its financial position by acquiring easily traded and well-known digital assets. At the same time, the company wants to add new shareholders with proven skills and knowledge in the fast-changing cryptocurrency field. 

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