rewrite this content using a minimum of 1000 words and keep HTML tags
Méliuz, a financial technology firm based in Brazil, has officially become the first publicly listed firm in the country to adopt Bitcoin
$105,376.32
as a core part of its financial strategy.
On May 15, executive chairman Israel Salmen announced on X that shareholders had approved the decision to turn Méliuz into a Bitcoin treasury company. He called it a “historic day” and confirmed that the decision had passed with a wide majority.
In a statement, Méliuz explained that it plans to grow its Bitcoin holdings over time using a mix of financial tools. The goal is to increase the amount of Bitcoin tied to each share, rather than using it to protect against inflation or currency risk.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is an NFT? (Explained with Animations)
Salmen noted that Méliuz is the first company in Latin America to fully integrate Bitcoin into its business model, rather than treating it as a secondary or short-term asset.
Méliuz purchased 274.52 Bitcoin at an average price of $103,604 each, spending about $28.4 million. These new holdings add to the 45.73 Bitcoin the company acquired on March 6. In total, Méliuz owns 320.3 Bitcoin, worth over $33 million.
Since Méliuz made its first Bitcoin investment, the company’s stock (CASH3.SA) has gained more than 117%, according to data from Google Finance. As of now, the company’s market value stands at around R$727.9 million, or more than $128 million.
On May 7, Bhutan launched a new payment option for tourists using cryptocurrency, through a partnership with Binance
$8.55B
Pay and DK Bank. How does it work? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
