Méliuz, a Brazilian public firm, has bought $28.4 million price of Bitcoin, equal to R$ 160 million, turning into the primary firm in Brazil and Latin America to undertake a Bitcoin treasury technique. This transfer was accepted by an awesome majority of the corporate’s shareholders.
The acquisition concerned 274.52 BTC, marking Méliuz’s entry into the realm of company cryptocurrency holdings. CEO Israel Salmen introduced the acquisition, aiming to realize a BTC yield. This technique aligns Méliuz with different international corporations like MicroStrategy which have built-in Bitcoin into their monetary reserves.
Following the announcement, Méliuz’s inventory has surged by 185% within the final month, reflecting investor enthusiasm for the corporate’s new course.
That is an AI-generated article powered by DeepNewz, curated by The Defiant. For extra info, together with article sources, go to DeepNewz.
