Brazil fintech gets approval to become a Bitcoin treasury company

From Cointelegraph

May 15, 2025 10:22 PM:

Brazilian fintech firm Méliuz has become the country’s first publicly-traded Bitcoin treasury company after shareholder approval. The firm purchased $28.4 million worth of Bitcoin, bringing its total holdings to 320.3 Bitcoin valued at over $33 million. Méliuz aims to maximize Bitcoin per share for its shareholders through strategic investments. The company’s stock has surged by over 117% since its initial Bitcoin purchase on March 6, now boasting a market cap of more than $128 million. With over 30 million users, Méliuz is known for its cashback program in Brazil.

Read more at Cointelegraph: Brazil fintech gets approval to become a Bitcoin treasury company