Brazilian firm Méliuz seeks $26m raise to buy more Bitcoin

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Is Bitcoin the New Black? Méliuz Thinks So! 💰

Ah, Méliuz, that illustrious fintech darling of Brazil, has decided to dip its toes into the shimmering waters of cryptocurrency once more. They have filed for the grand approval to raise a staggering $26.4 million, all in the noble pursuit of acquiring more Bitcoin. One can only imagine the boardroom discussions, filled with fervor and perhaps a touch of madness! 🤑

According to a rather delightful report by Reuters, this audacious company is seeking regulatory approval for an offer of 17,006,803 common shares, aiming to raise a princely sum of 150 million reais, or approximately $26.4 million. Should the powers that be grant their wish, Méliuz plans to use the proceeds to indulge in the digital gold that is Bitcoin (BTC). How very avant-garde! 💎

In a securities filing submitted on a Friday—because what better day to make bold financial moves?—the pricing for this offering is set for June 12, 2025. While the target is a modest $26.4 million, Méliuz has the audacity to suggest that they could expand this by a whopping 200% if the winds of fortune blow favorably. Talk about ambition! 🌪️

But wait, there’s more! Just weeks prior, Méliuz revealed its latest escapade: a purchase of $28.4 million in BTC, expanding its treasure trove following the enthusiastic approval of shareholders to transform the fintech firm into a Bitcoin treasury company. One can only wonder if they have a secret vault filled with digital coins, guarded by a dragon! 🐉

According to the ever-eloquent Israel Salmen, executive chairman of Méliuz, the 274.52 BTC they acquired has brought their total to a staggering 320.3 BTC. Their first foray into this brave new world was a modest 45.73 BTC buy in early March 2025, with the total purchase completed at an average price of $101,703 per Bitcoin. A bargain, if you ask me! 😏

“Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil,” Salmen proclaimed, undoubtedly with a flourish. 🎩

Méliuz’s venture is but a drop in the ocean of publicly traded companies raising funds to bolster their Bitcoin treasury strategies. This week, the headlines have been buzzing with news from GameStop and Trump Media, both eager to join the Bitcoin bandwagon.

GameStop, that beloved video game retailer, has officially donned the Bitcoin crown, acquiring 4,710 BTC for over $500 million. One can only imagine the glee of their shareholders! 🎮

Meanwhile, Trump Media has grand plans to raise $2.5 billion to buy the world’s leading digital asset as part of its corporate strategy. With a $2.44 billion raise already in the works, they are certainly not shy about their ambitions. These companies are all eager to follow in the illustrious footsteps of Strategy, formerly known as MicroStrategy, which first dipped its toes into Bitcoin back in August 2020. How quaint! 🕰️

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2025-05-30 21:04