Brazilian Fintech Méliz has adopted a new approach to Treasury to provide a portion of its cash reserves in Bitcoin (BTC) after it was approved by the company’s board of the company directors.
Company strategy provides -Da to up to 10% of its cash holders to invest in Bitcoin, according to a Filing of security On Thursday, as it was looking for the “lasting” return from investment. As part of this initiative, Meliuz has already purchased 45.72 BTC for about $ 4.1 million at an average price of $ 90,926 per Bitcoin.
Meliuz, known as the cashback and financial service platform, is serving more than 30 million registered users in Brazil. The firm also evaluates its approach to its treasury to assess “Bitcoin’s adoption as a major approach to possessing” and ways to “generate additional bitcoin for shareholders.”
