Brazil’s Méliuz Gains Approval to Become First Bitcoin Treasury Company

Méliuz, a Brazilian fintech firm, has become the first publicly-traded Bitcoin treasury company in Brazil after shareholder approval. The company has acquired $28.4 million worth of Bitcoin to increase its existing holdings, boosting its total Bitcoin reserves to over 320.3 BTC, or approximately $33 million. This move marks a significant step for the company as it implements a new strategy focused on maximizing Bitcoin per share. Israel Salmen, Méliuz’s executive chairman, stated that this is the first Bitcoin treasury company in Latin America, integrating Bitcoin investments into their business strategy for long-term growth.