Brazil’s Fintech company Meliuz floated a plan to expand its Bitcoin handling and make cryptocurrency a strategic owner in company books.
Meliuz, who provides cashback and financial technology services, is taking a plan to make Bitcoin (Btc) The main strategic owner of the company’s wealth to shareholders at a meeting completed for May 6, According to In a translated statement of April 14th.
The company said its main business would remain unchanged, but “the generation of cash from operations is important in the approach of getting more bitcoin over time.”
If the shareholders approve the proposal, Bitcoin will be accepted As the main strategic owner of the company’s treasury, it will also look to protect “the rise of the Bitcoin generation for its shareholders, by generation of operating cash or through possible financial transactions and strategic initiatives.”
Shareholders who do not agree with the new direction and will hold their shares before April 14th may request a repayment.
Meliuz shares a bitcoin plan
In the trade session after announcing the new Bitcoin plan, Meliuz (Cash3) jumped more than 14% from 3.28 Brazilian Reals ($ 0.56) to 3.76 Brazilian Reals ($ 0.64) at the Brazilian Stock Exchange, According to In Google Finance.
In total, Meliuz’s sharing price reached more than 27% in Brazil’s last five days to 3.85 re reals ($ 0.65).
Meliuz’s sharing price rose more than 27% in the last five days, including a 14% spike after revealing the new bitcoin plan. Source: Finance on Google
Meliuz bought bitcoin In the first time in March after the Board of Directors approved the use of up to 10% of the company’s cash for Bitcoin, buying 45 BTC for nearly $ 4.1 million.
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The amount of bitcoin performed in the books of companies that have exchanged public Rose of 16.1% in the first quarter of 2025According to Bitwise. Public companies bought around 95,431 Bitcoin in the quarter, increasing total handling of all sheets of company balance up to 688,000.
Meliuz was among the 12 companies that added Bitcoin to their sheets of balance in the first time in Q1 20025, to join the likes of Rumble of Video Sharing.
Michael Saylor’s digital asset firm, strategy, also continued its long -term approach to getting more bitcoin with it Latest purchase of April 14 consisting of 3,459 bitcoin purchased $ 285.5 million.
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