The inventory market-listed Brazilian funds agency Méliuz has unveiled plans to spend round $26.5 million on Bitcoin (BTC) purchases.
The Brazilian media outlet Livecoins reported that the corporate will increase funds to purchase extra Bitcoin as a part of its newly established treasury technique.
Earlier this month, Méliuz turned Brazil’s first inventory market-listed BTC treasury firm, spending nearly $28.5 million to purchase BTC 274.52.
Méliuz: Bitcoin Plans in Pipeline
The corporate will proceed to purchase BTC within the weeks forward. In an announcement, the corporate declared its intention to lift a minimum of 150 million actual ($26.5 million) on “new BTC acquisitions.”
The agency mentioned it had advised its shareholders about its intentions and was now “evaluating” its fundraising choices.
Méliuz CEO Israel Salmen mentioned the corporate would look to an “issuance of shares or convertible debt” in its seek for funding.
The agency added that it was working with the São Paulo-based funding banking agency BTG Pactual on its plan.
BTG Pactual will act as a coordinator when Méliuz has the funds in place to finish its subsequent BTC buy.
Marcio Loures Penna, Méliuz’s Director of Investor Relations and Company Governance, confirmed that the corporate could subject monetary property “representing debt securities.”
These could both be convertible into shares or supplied in a non-convertible kind, he added.
The corporate could alternatively select to hold out a major public providing for widespread shares, with attainable subscription bonuses.
Méliuz mentioned that whereas its objective stays elevating 150 million actual, it could spend much more “if alternatives come up.”
Nevertheless, the agency warned that its plans stay provisional. It mentioned that it could want to finish an analysis course of earlier than it finalized its subsequent BTC purchase.
@MeliuzBitcoin #CASH3 introduced yesterday that it’s evaluating a possible capital increase to broaden its Bitcoin technique, via the issuance of shares or convertible debt. BTG has been engaged to coordinate a possible public providing.
— Israel Salmen (@IsraelSalmen) Could 20, 2025
When Might Méliuz Make Its Subsequent BTC Buy?
Méliuz additionally refused to place a timeline on its fundraising efforts or its eventual Bitcoin purchase.
Earlier this month, the fintech participant uveiled particulars of its first Bitcoin purchase, in addition to information that its shareholders have “permitted, by a large majority, the transformation of Méliuz into the primary listed Bitcoin treasury firm in Brazil.” The corporate presently holds BTC 320.2.
Penna added that Méliuz “will hold its shareholders and the market knowledgeable of any information” on its subsequent BTC purchase.
He vowed that the agency would act “according to greatest company governance practices and in accordance with relevant laws and laws.”
Méliuz was based in 2011. Its companies embrace cashback and voucher choices for on-line and brick-and-mortar retailers, along with the Méliuz bank card.
The agency launched a profitable $103 million preliminary public providing on the Brazilian B3 trade in November 2020.
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