In a groundbreaking development for institutional crypto adoption in Latin America, Brazilian fintech Méliuz has emerged as the region’s first publicly-traded Bitcoin treasury company, acquiring 274.52 BTC worth $28.4M. This strategic move comes amid growing institutional confidence in Bitcoin’s long-term potential.
Strategic Bitcoin Accumulation
Méliuz’s latest Bitcoin purchase was executed at an average price of $103,604.07 per BTC, building on their March acquisition of 45.72 BTC ($4.1M). The company now holds a total of 320.24 BTC in its treasury, positioning itself as a pioneer in corporate crypto adoption across Latin America.
Market Impact and Share Performance
The market has responded positively to Méliuz’s Bitcoin strategy, with the company’s shares (CASH3.SA) surging over 125% since March. This remarkable performance aligns with similar success stories of corporate Bitcoin adoption globally.
Institutional Adoption Momentum
Méliuz’s move represents a significant milestone in corporate crypto adoption, particularly in emerging markets. The company, which serves 35M+ registered users through its digital solutions platform, joins a growing list of publicly-traded companies embracing Bitcoin as a treasury asset.
Expert Analysis
Notable crypto figures including Michael Saylor have highlighted this development as further evidence of Bitcoin’s growing institutional acceptance. This trend coincides with analysts’ predictions of continued price appreciation for Bitcoin.
FAQs
- What is Méliuz’s total Bitcoin holdings?
320.24 BTC following their latest acquisition - What was the purchase price per Bitcoin?
$103,604.07 average price for the recent 274.52 BTC purchase - How has this affected Méliuz’s stock performance?
The stock has increased by over 125% since initiating their Bitcoin strategy
