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Brazil fintech gets approval to become a Bitcoin treasury company
By: the crypto news wire|2025/05/16 19:00:12
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Brazilian fintech firm Méliuz’s shareholders officially approved a Bitcoin treasury proposal on May 15, with the firm also announcing it acquired another 274.5 Bitcoin. Méliuz’s executive chairman says his fintech firm has become Brazil’s first publicly-traded Bitcoin treasury company following shareholder approval, with the firm also announcing it bought $28.4 million worth of Bitcoin to add to its existing stack. “Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil,” Israel Salmen posted to X on May 15. Salmen said the firm snapped up 274.52 Bitcoin ( BTC ) for an average purchase price of $103,604, achieving a BTC yield of 600%. Read more
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