Brazilian Fintech Unicorn Meliuz Adds Bitcoin to Treasury

Brazilian Fintech Unicorn Meliuz: A New Way to Invest!

Hey there, explorers! Let’s dive into a fascinating story about a Brazilian fintech company called Meliuz. They’ve just done something amazing – they’re putting some of their money into Bitcoin! Let’s find out why they’re doing this and what it means for them and the world of finance.

Meliuz’s Big Move

Meliuz, which is like a cashback and financial services superhero, has decided to put some of its cash into Bitcoin. This is a huge deal because it’s the first time a Brazilian fintech company has done this! They’ve got the thumbs-up from their bosses to spend up to 10% of their cash on Bitcoin[1][2]. They’ve already bought 45.72 Bitcoins for around $4.1 million, with each Bitcoin costing about $90,296[1][3].

What’s the Plan?

Money for Bitcoin: Meliuz is planning to spend up to 10% of its cash on Bitcoin. That’s a big chunk of money![2][3]
Long-term Thinking: They’re not looking for quick profits. They believe Bitcoin will grow and be stable in the long run[1][2].
Special Team: They’ve created a special team to manage this Bitcoin plan. This team will decide on future investments and how to handle Bitcoin[1].

Why It Matters

More Companies Join the Crypto Party: Meliuz is joining other companies that are putting Bitcoin in their treasuries. This shows that digital currencies are becoming more accepted in the world of finance[1][3].
More Bitcoin for Meliuz?: Meliuz is thinking about expanding its Bitcoin plan. They might even start using Bitcoin as their main strategic asset! They’re also considering ways to get more Bitcoin for their shareholders[3].

The Future is Here!

So, what does this mean for Meliuz and the rest of us? Meliuz is showing us that fintech companies can be innovative and embrace new things like Bitcoin. As the world of finance keeps changing, more companies might start doing this too.

In simple terms, Meliuz is saying, “We believe in Bitcoin’s future, and we want to be a part of it!” This is a big step for Meliuz and the fintech world.

Sources:
tradingview.com
tradingview.com
coindesk.com
marketscreener.com
bitcoinmagazine.com

Leave a Reply