2 hours ago
Brazilian fintech Méliuz has adopted a caller treasury strategy to allocate a information of its currency reserves into bitcoin (BTC) aft it was approved by the firm’s committee of directors.
The company’s strategy allows up to 10% of its currency holdings to beryllium invested successful bitcoin, according to a securities filing connected Thursday, arsenic it seeks “long-term” returns from the investment. As portion of this initiative, Meliuz has already purchased 45.72 BTC for astir $4.1 cardinal astatine an mean terms of $90,926 per bitcoin.
Meliuz, known for its cashback and fiscal services platform, serves implicit 30 cardinal registered users successful Brazil. The steadfast is besides evaluating expanding its treasury strategy to measure “adopting bitcoin arsenic a main strategy asset” and ways to “generate further bitcoin for shareholders.”
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