In a significant move within the crypto investment landscape, Brazilian publicly traded firm Méliuz has announced plans to repurchase approximately $26.5 million in Bitcoin. This strategy is part of their broader financing plan, which aims to raise at least 1.5 billion Brazilian reals through the issuance of shares or convertible bonds. Méliuz is collaborating with the renowned investment bank BTG Pactual to facilitate this initiative.
Notably, Méliuz made headlines as the first publicly traded company in Brazil to integrate Bitcoin into its asset portfolio, having acquired $28.4 million in the cryptocurrency. The firm’s Bitcoin asset allocation strategy has garnered substantial support from its shareholders, with a significant majority endorsing this pioneering venture. This decisive action underscores the growing acceptance of digital assets in traditional investment frameworks.