Brazil’s First Public Bitcoin Treasury Company Acquires $28.4M in BTC
The post Brazil’s First Public Bitcoin Treasury Company Acquires $28.4M in BTC appeared on BitcoinEthereumNews.com. Bitcoin In a historic move, shareholders of Méliuz (B3: CASH3) have overwhelmingly approved the company’s transformation into Brazil’s first publicly listed Bitcoin Treasury Company. This decision marks a significant shift in corporate treasury strategy in Latin America and aligns Méliuz with the growing trend of institutional Bitcoin adoption. Chairman Israel Salmen celebrated the milestone, noting that the transition positions Méliuz at the forefront of financial innovation in the region. The company also announced a substantial addition to its Bitcoin holdings. Méliuz acquired 274.52 BTC for US$ 28.4 million, at an average price of US$ 103,604 per coin. This purchase follows what Salmen described as a 600% BTC yield strategy. Following this latest acquisition, Méliuz now holds a total of 320.2 BTC at an average purchase price of US$ 101,703.80. This development places Méliuz alongside a growing cohort of global firms that are pivoting toward digital assets as a strategic reserve asset, driven by inflation concerns, currency volatility, and long-term belief in Bitcoin’s potential. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/brazils-first-public-bitcoin-treasury-company-acquires-28-4m-in-btc/
The post Brazil’s First Public Bitcoin Treasury Company Acquires $28.4M in BTC appeared on BitcoinEthereumNews.com.
Bitcoin In a historic move, shareholders of Méliuz (B3: CASH3) have overwhelmingly approved the company’s transformation into Brazil’s first publicly listed Bitcoin Treasury Company. This decision marks a significant shift in corporate treasury strategy in Latin America and aligns Méliuz with the growing trend of institutional Bitcoin adoption. Chairman Israel Salmen celebrated the milestone, noting that the transition positions Méliuz at the forefront of financial innovation in the region. The company also announced a substantial addition to its Bitcoin holdings. Méliuz acquired 274.52 BTC for US$ 28.4 million, at an average price of US$ 103,604 per coin. This purchase follows what Salmen described as a 600% BTC yield strategy. Following this latest acquisition, Méliuz now holds a total of 320.2 BTC at an average purchase price of US$ 101,703.80. This development places Méliuz alongside a growing cohort of global firms that are pivoting toward digital assets as a strategic reserve asset, driven by inflation concerns, currency volatility, and long-term belief in Bitcoin’s potential. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/brazils-first-public-bitcoin-treasury-company-acquires-28-4m-in-btc/
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