A First in Brazil! Fintech Company Purchases Millions of Dollars Worth of Bitcoin! Here Are the Details

By: cryptosheadlines|2025/05/16 19:15:06

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Brazilian fintech firm Méliuz has become the first public company in Brazil to adopt a Bitcoin treasury strategy, purchasing 274.52 BTC for $28.4 million with shareholder approval.Brazil’s First Public Bitcoin Treasury Méliuz Buys 274.5 BTC as Institutional Crypto Adoption GrowsThe move marks a significant milestone in terms of institutional crypto adoption in Latin America, placing Méliuz alongside global pioneers like MicroStrategy and Metaplanet.“Our shareholders overwhelmingly approved Méliuz becoming the first publicly traded Bitcoin treasury company in Brazil,” Chairman Israel Salmen wrote in a post on X.The company purchased Bitcoin at an average price of $103,604 and currently owns 320.2 BTC, currently valued at over $33.3 million. This strategy reflects Méliuz’s intention to increase his long-term exposure to Bitcoin using cash flow and capital markets instruments.“The core mission of a Bitcoin treasury company is to accumulate Bitcoin in a way that generates value for shareholders,” the company said in a press release, emphasizing its commitment to building a long-term digital asset strategy.Méliuz’s stock price has risen 116% since its first Bitcoin purchase on March 6, from $0.68 to $1.47, according to Google Finance data. The increase mirrors the performance of other early adopters of Bitcoin treasuries, such as Strategy (formerly MicroStrategy) and Metaplanet.Méliuz’s statement comes amid a wave of crypto hoarding by companies. On the same day, New York-based DDC Enterprise Limited (DayDayCook) announced a Bitcoin treasury strategy that includes buying 100 BTC immediately and aiming to reach 5,000 BTC over the next 36 months.As traditional finance continues to explore digital assets, companies are increasingly looking beyond Bitcoin. Some, including U.S. blockchain firm BTCS, have added Ethereum and Solana to their balance sheets, signaling a broader shift in treasury diversification.As regulations clear up in many countries and institutional trust increases, Méliuz’s move to accumulate Bitcoin signals a deepening trend, with Bitcoin becoming an institutional reserve asset not just in the U.S. but also in emerging markets.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link

1. On-chain Volume: $34.0M USD inflow to Hyperliquid today; $29.3M USD outflow from Arbitrum 2. Biggest Gainers and Losers: $FAI, $ARC 3. Top News: Today, the crypto market rebounded against the trend, with a macro hedge whale holding long positions in gold and silver and shorting crypto, resulting in a $500k USD loss for the day

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?

In the coming decades, our freedom may be more fragile than we think

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point

Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.

After a 48-hour ban, Claude reached the top of the App Store

Just the day before, ChatGPT was sitting right there

If this is the beginning of the triple halving, what are top investors saying about what to expect?

Hormuz Strait Blockade, Capital War, Oil and Bitcoin

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Interest rates have remained stubbornly high, posing a challenge to the cryptocurrency bull case.

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

What Was the Hottest Topic Among Expats in the Last 24 Hours?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

The global environment is not favorable to us, but in the long run, it may be favorable to us.

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

March 2 Market Key Events Overview

Why is it said that there are structural opportunities in encrypted AI?

When centralized AI falls into the dilemma of regulation and trust, Crypto + AI will become a structural escape route for safeguarding data and sovereignty in a multipolar world.

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

The predictive market agents are expected to present early prototypes in early 2026, likely becoming an emerging product form in the field of agents in the following year.