What to know:
- Our dear Meliuz has raised a princely sum of R$180 million ($32.4 million) through an equity offering, all in the name of acquiring that elusive Bitcoin. 💰
- This audacious move positions Meliuz as Brazil’s very first public company to embrace Bitcoin as part of its treasury reserves. How modern! 🌟
In a most curious turn of events, the Brazilian fintech firm Meliuz (CASH3) has resolved to raise R$180.08 million ($32.4 million) through an equity offering, as per their latest missive. One must wonder, is this a stroke of genius or folly? 🤔
The funds are earmarked specifically for the purchase of Bitcoin, aligning with the company’s recent strategic shift to incorporate this digital currency into its balance sheet. A bold venture indeed! 💻
However, the offering, priced at R$7.06 ($1.27) per share, was a tad less than Meliuz’s closing price of R$7.43 on Thursday. Alas, the stock has plummeted more than 5% in today’s trading. A most unfortunate turn of events! 📉
BTG Pactual, in their infinite wisdom, served as the book-runner for this deal, as noted in the filing. One can only hope they have a good sense of humor about it! 😅
Earlier this year, Meliuz proclaimed their ambition to raise $78 million in equity to become “the first Bitcoin treasury company” in Brazil. Ambitious, or perhaps a touch delusional? 🤷♀️
This fintech company, which boasts of being the “3rd fastest growing shopping App in Brazil,” claims to have about 41 million loyal users as of the first quarter of this year. Quite the following, I must say! 📱
As it stands, the company currently has a market cap of R$647.08M ($116.5M), according to TradingView data. One can only hope they navigate these turbulent waters with grace and a touch of humor! 🥳
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2025-06-13 18:14