Brazilian Fintech Méliuz Launches Share Offering to Stack More Bitcoin
Méliuz's shares fell over 8% after announcing a primary share offering to raise up to 450 million reais ($78.6 million) for Bitcoin purchases. The company plans to issue 17 million common shares to initially raise 150 million reais ($26.2 million), with potential expansion by 200%. Méliuz aims to become Brazil's first Bitcoin treasury company, having accumulated 320.2 BTC worth approximately $33.55 million since March. The stock has fluctuated significantly, rising 217% since early 2025 but dropping to 8.13 reais following the announcement. The company’s market cap is around 305 million reais ($53.8 million), significantly lower than its peak of 9 billion reais. Pricing for the new shares is set for June 12, with trading starting June 16. Méliuz's Bitcoin holdings show a modest profit, with an average purchase price of $101,575 per coin. Founded in 2011, Méliuz initially focused on cashback rewards and discount coupons before pivoting towards cryptocurrency exposure in 2022.
