PANews May 22 news, according to Cryptonews, Brazilian listed payment company Méliuz plans to purchase an additional $26.5 million worth of Bitcoin as part of its newly established capital reserve strategy. Earlier this month, the company made its first purchase of 274.52 BTC (approximately $28.5 million) and currently holds 320.2 BTC.
Méliuz stated that it plans to raise at least 150 million reais (approximately 26.5 million USD) through the issuance of stocks or convertible bonds and is collaborating with investment bank BTG Pactual to advance its financing plan. CEO Israel Salmen mentioned that the specific plan may include a public offering of common stocks or the issuance of convertible/non-convertible debt securities, with the final amount subject to adjustment based on market opportunities, but execution will require completion of assessments.
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