The post Brazil’s Méliuz raising $32M for fresh Bitcoin purchase appeared on BitcoinEthereumNews.com.

Brazilian firm Méliuz has raised about $180 million reais ($32 million) in a follow-on share offering aimed at obtaining funds to purchase Bitcoin. According to its recent filing, Méliuz said that the offering was priced at 7.06 reais per share, a 5% discount over its closing price on Thursday. This decision by the prominent company in Brazil showcases the growing interest from traditional businesses in adding digital assets to their balance sheet management and investment. According to Méliuz, the funds raised will be used to acquire more Bitcoin, with the company already holding about 320.25 BTC from its previous foray into the market. The decision to raise capital to purchase Bitcoin shows a strong conviction in the long-term value of the digital asset. Méliuz raises funds to purchase Bitcoin Several factors would have influenced Méliuz’s choice of pursuing a strategic investment in the asset, with Bitcoin currently seen as a hedge against inflation due to its capped supply. Its characteristics as a decentralized and immutable digital asset appeal to corporations seeking a store of value outside the traditional financial systems. Adding Bitcoin to a corporate treasury is also a form of diversification from traditional securities and currencies. As a fintech firm, Méliuz’s customer base is tech-savvy and interested in digital assets, making the move in line with the company’s brand and future offerings. Despite the volatility in the crypto market, the growth potential of Bitcoin is one of the key drivers of its adoption by corporations. For context, Bitcoin has grown steadily since its creation, moving from being sold for cents to over a hundred thousand dollars. The digital asset has also influenced the creation of other assets, making the crypto sector one of the most successful since its creation. The move to purchase more Bitcoin came earlier this year…

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Filed under: News - @ June 14, 2025 11:17 am