Brazil's Meliuz raises $32.4 million in share offering to buy bitcoin
FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
SAO PAULO :Brazilian fintech Meliuz raised 180.08 million reais ($32.39 million) in a follow-on share offering aimed at obtaining funds to purchase bitcoin, it said in a securities filing on Friday.
Meliuz said that the offering, which had investment bank BTG Pactual as bookrunner, was priced at 7.06 reais per share, a 5 per cent discount over its Thursday closing price.
Meliuz's move to buy more bitcoin came as the company earlier this year launched a new strategy allowing it to allocate cash reserves in the cryptocurrency, labeling itself "the first bitcoin treasury company" in Brazil.
($1 = 5.5594 reais)
