Méliuz, a publicly traded Brazilian payments company, has announced its intentions to allocate approximately $26.5 million for further Bitcoin (BTC) acquisitions.
According to Livecoins, a Brazilian news outlet, the firm is looking to bolster its holdings as part of a new treasury strategy aimed at increasing its Bitcoin assets.
Earlier this month, Méliuz made headlines by becoming Brazil’s first publicly listed company to establish a Bitcoin treasury, investing nearly $28.5 million to acquire 274.52 BTC.
Méliuz: Expanding Bitcoin Investments
The company has expressed plans to continue its Bitcoin purchases in the upcoming weeks. In an official statement, Méliuz outlined its goal to raise at least 150 million Brazilian reais (approximately $26.5 million) for additional BTC acquisitions.
Méliuz stated that it has informed shareholders of its fundraising ambitions and is currently in the process of assessing various options.
CEO Israel Salmen mentioned that the company is exploring avenues such as issuing shares or convertible debt in its search for financial support.
The firm is collaborating with BTG Pactual, an investment banking firm based in São Paulo, to facilitate its plans.
BTG Pactual is set to coordinate efforts once Méliuz secures the necessary funds for its next Bitcoin purchase.
Marcio Loures Penna, Méliuz’s Director of Investor Relations and Corporate Governance, noted that the company is considering the issuance of financial assets that may represent debt securities, which could be either convertible into shares or non-convertible.
The firm also remains open to conducting a primary public offering for common shares, potentially with subscription bonuses.
While the initial target is to raise 150 million reais, Méliuz indicated that it might consider spending even more if the right opportunities present themselves.
However, the firm cautioned that its plans are still subject to further evaluation before finalizing any new Bitcoin acquisitions.
@MeliuzBitcoin #CASH3 announced yesterday that it is evaluating a potential capital raise to expand its Bitcoin strategy, through the issuance of shares or convertible debt. BTG has been engaged to coordinate a potential public offering.
— Israel Salmen (@IsraelSalmen) May 20, 2025
Timeline for Next BTC Purchase Remains Uncertain
At this time, Méliuz has not provided a specific timeline for its fundraising initiatives or its planned Bitcoin purchase.
Penna emphasized that Méliuz is committed to keeping its shareholders and the wider market updated about any developments regarding its future Bitcoin acquisitions.
He assured that the firm will proceed in accordance with best practices in corporate governance and comply with all relevant legislation and regulations.
Founded in 2011, Méliuz provides cashback and voucher services for both online and physical retailers, as well as offering a proprietary credit card.
The firm achieved a successful initial public offering in November 2020, raising approximately $103 million on the Brazilian B3 exchange.
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