The chairman of Méliuz said his fintech company had turn out to be Bitcoin Treasury Company after the approval of Brazil's first listed Bitcoin. The company also announced that it bought Bitcoin price $ 28.4 million so as to add its existing stack.
“Historical Day! Our shareholders approved the conversion from Méliuz into the primary Bitcoin financial company in Brazil with a big majority,” posted Israel Salmen on May 15 to X.
According to Salmen, the corporate collected 274.52 Bitcoin (BTC) for a mean purchase price of $ 103,604 and achieved a BTC return of 600%.
Méliuz now holds 320.3 Bitcoin price greater than 33 million US dollars, with the recent purchase on March sixth to purchase 45.73 Bitcoin by the Brazilian Fintech company.
Details on the most recent Bitcoin purchase from Méliuz. Source: Israel Salms
In an announcement on May 15, Méliuz said that Bitcoin would accumulate in a “acckritine way” for shareholders who use plenty of financial instruments.
“Instead of assigning only a part of his money to Bitcoin as a protection against inflation or currency devaluation, the corporate has repositioned its purpose to maximise the quantity of the Bitcoin per share.”
According to Salmen, Méliuz is the primary Bitcoin Treasury Company in Latin America since the planned Bitcoin investments are actually a part of his “business strategy”.
The data from BitcoinTreasuries.net show that the e-commerce platform Mercadolibre with over 570 Bitcoin price $ 59.2 million after the last purchase of 157.7 Bitcoin on March 31 is more valid.
Méliuz has recently been among the finest stocks of Brazil
Méliuz (Cash3.sa) was among the finest stocks on the Brasil Bolsa Balcão for the reason that company announced its first Bitcoin purchase on March 6 and has since increased by greater than 117% since then.
Méliuz's market capitalization is now 727.9 Brazilian real or greater than 128 million US dollars.
The FinTech company is understood for its cashback program and serves over 30 million users across Brazil.
