Brazilian listed company Méliuz plans to continue to increase its holdings of Bitcoin worth $26.5 million

Odaily News Brazilian listed company Méliuz plans to purchase another $26.5 million worth of Bitcoin. Méliuz said it plans to raise at least 150 million reais (about $26.5 million) by issuing shares or convertible bonds, and is working with investment bank BTG Pactual to advance its financing plan. Brazilian listed company Méliuz has purchased $28.4 million worth of Bitcoin, becoming the first Brazilian listed company to include Bitcoin in its balance sheet. The company's Bitcoin asset allocation strategy has received high support from shareholders and was passed by an overwhelming majority.