Brazil fintech gets approval to become a Bitcoin treasury company

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%. 

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