Brazil’s Meliuz floats to boost Bitcoin buying strategy
From Cointelegraph
April 16, 2025 1:23 am:
Brazilian fintech firm Meliuz plans to expand its Bitcoin holdings, making it a strategic asset on the company’s books. Shareholders will vote on the proposal on May 6. The company’s share price jumped over 14% after the announcement, with a total increase of 27% in the last five days. Meliuz bought 45 BTC for $4.1 million in March.
Publicly traded companies increased their Bitcoin holdings by 16.1% in Q1 2025, adding around 95,431 Bitcoin to their balance sheets, totaling approximately 688,000 BTC. Meliuz was one of 12 firms to add Bitcoin to their balance sheets for the first time in Q1 2025. Michael Saylor’s Strategy acquired 3,459 Bitcoin for $285.5 million on April 14.
Read more at Cointelegraph: Brazil’s Meliuz floats to boost Bitcoin buying strategy