Bitcoin Bonanza: Meliuz’s Wild Ride into Crypto Wonderland! 🚀💰

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So, Brazilian fintech darling Meliuz has decided to dip its toes into the Bitcoin pool. Yes, you heard that right! They’re planning to make Bitcoin a *strategic asset* on their books. Because who doesn’t want a little digital gold in their life? 💎

In a meeting scheduled for May 6 (mark your calendars, folks!), they’ll present this grand plan to shareholders. Apparently, they think Bitcoin (BTC) is the new black. But don’t worry, their core business will remain unchanged. Just a casual side hustle with crypto, you know? 😏

According to their statement (which sounds suspiciously like corporate jargon), “the generation of cash from operations is fundamental to the strategy of acquiring more Bitcoin over time.” Translation: “We need money to buy more Bitcoin, duh!” 💸

If the shareholders give a thumbs up, Bitcoin will become the main strategic treasury asset. They’re also looking to create more Bitcoin for their shareholders. Because who wouldn’t want a little extra Bitcoin in their pocket? Just don’t ask how they plan to do that. 🤷‍♀️

For those shareholders who are clutching their pearls and disagreeing with this new direction, fear not! If you held your shares before April 14, you can request reimbursement. How generous! 🙄

Meliuz shares jump on Bitcoin plan

In a shocking twist, after announcing their Bitcoin plan, Meliuz (CASH3) shares jumped over 14%! From 3.28 Brazilian reals ($0.56) to 3.76 Brazilian reals ($0.64). It’s like watching a stock market soap opera! 📈

In just five days, their share price has skyrocketed over 27% to 3.85 Brazilian reals ($0.65). Someone call the stock market police! 🚨

Meliuz made its first Bitcoin purchase in March, using up to 10% of the company’s cash to buy 45 BTC for about $4.1 million. That’s a lot of cash for some digital coins! 💰

According to Bitwise, the amount of Bitcoin held by publicly traded companies rose by 16.1% in Q1 2025. That’s right, public companies bought around 95,431 Bitcoin, bringing total holdings to around 688,000. It’s a Bitcoin buffet out there! 🍽️

Meliuz was one of 12 firms that decided to join the Bitcoin party in Q1 2025, alongside video-sharing platform Rumble. Because why not? Everyone loves a good party! 🎉

And let’s not forget Michael Saylor’s digital asset firm, Strategy, which is still on its Bitcoin shopping spree. They recently bought 3,459 Bitcoin for a cool $285.5 million. Just a casual Tuesday for them! 😅

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2025-04-16 08:32