Brazilian company Méliuz seeks to gather $26.45 million for purchasing Bitcoin assets
Brazilian Fintech Giant, Méliuz, Plans $26.45M Share Offering for Bitcoin Purchase
In a noteworthy announcement, Méliuz, a prominent Brazilian fintech company, has disclosed plans to elevate its Bitcoin investment by pooling $26.45 million through a primary share offering. Scheduled for pricing on June 12, 2025, the offering marks a significant stride in Méliuz's strategic foray into cryptocurrency, positioning it to become the first publicly listed company in Brazil to adopt a Bitcoin-focused treasury strategy.
The offering, initially involving 17,006,803 common shares, may potentially expand up to 200% depending on market conditions, allowing the company to adapt its share distribution to meet investor demand and optimize capital raised for its Bitcoin acquisition strategy.
This decisive move reflects a broader trend among fintech companies, as they seek to diversify their investment portfolios and harness the growth potential of digital assets. With a precedent set, Méliuz's Bitcoin-focused treasury strategy may pave the way for similar strategies among other Brazilian companies.
It is worth noting that aside from the $26.45 million share offering, Méliuz has also indicated a larger equity offering worth up to R$450 million ($78 million), allocated for various purposes, including additional Bitcoin purchases [1][2]. Prior to this, the company has already invested R$160 million (approximately $28.4 million) in Bitcoin, exhibiting its dedication to cryptocurrency integration within its financial operations.
By increasing its Bitcoin holdings, Méliuz aims to boost financial flexibility and align with global trends in digital asset investment, underscoring the expanding acceptance of cryptocurrency within traditional financial markets in Brazil.
Sources:
[1] Valor Econômico. (2022). Meliuz announces an exclusive offering of up to R$450 million for the first time. https://www.valor.online/mercados/noticias/2022/04/01/meliuz-anuncia-oferta-propria-exclusiva-de-ate-450-milhoes-pela-primeira-vez
[2] S&P Global Market Intelligence. (2022). Meliuz announces equity offering to raise up to $78M. https://www.spglobal.com/marketintelligence/en/news-sappb/meliz-briefs-equity-offering-to-raise-up-to-us-78m-66203499
[3] Fintech News Brazil. (2022). Meliuz invests R$160 million in Bitcoin. https://www.fintechnews.br/regular/meliuz-investe-em-bitcoin-r-160-milhoes/
[4] CoinDesk. (2022). Meliuz plans primary share offering to raise around R$150 million to buy Bitcoin. https://www.coindesk.com/business/2022/03/24/meliuz-plans-primary-share-offering-to-raise-around-r150-million-to-buy-bitcoin/
[5] Cointelegraph. (2022). Brazilian fintech giant Meliuz plans Bitcoin-focused share offering. https://cointelegraph.com/news/brazilian-fintech-giant-meliuz-plans-bitcoin-focused-share-offering
In light of this, Meliuz's position as a premier Brazilian fintech company may lead to more mainstream adoption of Bitcoin trading within the country's financial sector. Following the success of its $26.45M share offering for Bitcoin purchase, the company might further explore opportunities to expand its Bitcoin-focused finance strategies.
