Méliz’s executive chairman said his fintech firm became the first public to be exchanged by the Bitcoin Treasury Company following the shareholder’s approval, with the firm announced that it had bought $ 28.4 million worth of Bitcoin to add to the existing stack.
“Historical day! Our shareholders approved, by a wide crowd, Méliuz’s transformation to the first Bitcoin Treasury company listed in Brazil,” Israel Salmen Na -Post on X on May 15.
Salmen said the firm had raised 274.52 Bitcoin (Btc) For an average purchase price of $ 103,604, a BTC harvest was achieved by 600%.
Méliz now holds 320.3 Bitcoin, which costs little to $ 33 million, with the latest increasing purchase in Brazilian Fintech Firm’s First purchase of 45.73 Bitcoin On March 6th.
In a statement of May 15, Méliz Says This will accumulate bitcoin in an “acclative way” for shareholders using a set of financial instruments.
“Instead of simply allocating its cash part to Bitcoin as a fence against inflation or lowering of money, the company has been reposing its goal of acting by maximizing the amount of bitcoin per part.”
According to Salmen, Méliz is the Bitcoin’s first Treasury company In Latin America because Bitcoin’s planned investment is now part of the “business strategy.”
Bitcointreasuries.net Data It is shown that the E-Commerce platform Mercadolibre is more, with more than 570 Bitcoin, worth $ 59.2 million, after the latest purchase of 157.7 Bitcoin on March 31.
Méliuz is one of Brazil’s top stocks
Méliuz (Cash3.Sa) became one of Best performing stock In Brazil bag bag Since the company announced the first purchase of Bitcoin on March 6, rising more than 117% since, according to Google Finance Data.
Méliz’s market cap is now sitting at 727.9 Brazilian Real, or over $ 128 million.
Related: ‘The world is trying to make Bitcoin now’ – Eric Trump
Fintech firm is well-known for this Cashback Program and serves more than 30 million users across Brazil.
Magazine: Danger signs for Bitcoin as retail that left it in institutions: Sky Wee
