Méliuz Raises $78 Million to Increase Bitcoin Holdings in Share Offering

Brazilian financial firm Méliuz has announced a share offering to purchase additional Bitcoin for its treasury. The company aims to raise 450 million reais ($78 million), which will be used to buy more Bitcoin, sending the shares tumbling over 8%. Méliuz’s initial plan is to offer about 17 million common shares to raise approximately 150 million reais (about $26.2 million). The offering could expand by up to 200%, potentially tripling the amount raised.