Brazilian company Méliuz will seek to raise USD $ 32 million to acquire more bitcoin

The company that became the first of its kind to manage reservations BTC in Brazil, He wants to further deepen his strategy and add more active to his reservation.

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• The Brazilian Fintech Meliuz announced an issue of shares for R180 million.
• Aims to increase your holdings Bitcoin.
• The company already appears as a pioneer in Brazil for adding BTC to his treasury.
• After the announcement, the price of their shares fell into the local bag.

The Brazilian Fintech company Méliuz, which became the first in the country to manage corporate reserves in Bitcoin, He announced new plans to raise more capital through the sale of shares, with which he contemplates deepening his strategy based on accumulating funds in the digital currency.

Deepening reserve plans Bitcoin

According to documents consigned to local regulators, cited by COINDESKThe company the company intends to raise R $ 180.08 million (approximately USD $ 32.4 million) through a new issue of shares. Specified that the funds collected will be used exclusively to acquire more Bitcoin.

Let’s keep in mind that, in the middle of last May, Méliuz advertisement The purchase of 274.52 BTC For a total of USD $ 28.4 million, paying an average of USD $ 103,604 per unit. This made the company the first to quote the local stock exchange on managing reservations Bitcoin, thus replicating the model that established Strategy Michael Saylor, which as many entities are still today.

As for the issuance of shares, it is a public offer where each one is sold for about R7.06 (US $ 1.27), approximately 5% below at the closing price of the edition of yesterday. BTG Pactualone of the most important financial institutions in Brazil, acted as coordinator of the placement of shares, according to the company.

If Méliuz manages to successfully complete this issuance and acquire more Bitcoin As a structural part of his treasury, a new stage would be opened in the corporate use of BTC In Latin America. Besides, It could serve as an example for other fintechs that seek to stand out in a highly competitive market.

In the future, it will be to be seen how institutional and retail investors will react to this play. Currently, the Brazilian company has an assessment for R647.08 million (US $ 116.5 million), but the market does not seem to have seen with good eyes this move, since today the company registered a 5% drop in its price.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash, edited with Canva.

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