Méliuz Seeks Approval to Raise Funds for Bitcoin Purchase
Méliuz, a Brazilian fintech company, has submitted a request to raise $26.4 million. The funds will be used to buy more Bitcoin (BTC). According to Reuters, Méliuz plans to offer 17,006,803 common shares to raise 150 million reais, equivalent to $26.4 million.
The company’s securities filing indicates that the pricing for the offering will be on June 12, 2025. Méliuz has the option to increase the target by 200% if necessary. This move comes after the company recently purchased $28.4 million in BTC, following shareholder approval to become a Bitcoin treasury company.
Israel Salmen, executive chairman of Méliuz, announced the acquisition of 274.52 BTC,bringing the company’s total to 320.3 BTC. The first purchase of 45.73 BTC was made in early March 2025, with an average price of $101,703 per Bitcoin.
Salmen stated, “Our shareholders have approved the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil.” This decision aligns with the growing trend of publicly traded companies raising funds to bolster their Bitcoin strategies.
Other companies, such as GameStop adn Trump Media, have also taken steps in this direction. GameStop acquired 4,710 BTC for over $500 million, while Trump Media plans to raise $2.5 billion for Bitcoin purchases. These moves follow in the footsteps of MicroStrategy, which first bought Bitcoin in August 2020.
