Méliuz Plans $78 Million Bitcoin Purchase Through Equity Offering

Brazilian fintech firm Méliuz, listed on the B3 stock exchange, announced plans to raise $78 million via an equity offering specifically for purchasing Bitcoin. This move reflects Méliuz’s continued interest in Bitcoin amid market volatility, as companies increasingly incorporate cryptocurrency into their financial strategies. The company will issue free subscription warrants to existing shareholders to secure this funding, aiming to make Bitcoin a primary strategic asset within its treasury. However, the announcement led to a sharp drop in Méliuz’s share prices, mirroring past reactions to similar initiatives by other firms.