Méliuz, a leading Brazilian fintech with over 30 million users, is making a bold move in the crypto space by launching a public share offering aiming to raise up to R$450 million (approximately $78 million). What’s particularly exciting is that the entire proceeds will be dedicated to purchasing Bitcoin, positioning Méliuz as a forward-thinking player in digital assets.
The offering, announced via a securities filing, involves an initial issuance of 17 million common shares, with the potential to expand up to 51 million shares depending on investor demand. Shares will be exclusively sold to professional investors both in Brazil and internationally, under automatic registration rules. Investors purchasing shares will also receive subscription warrants in a package divided into 10 series, giving them the opportunity to buy additional stock at predetermined prices in the future.
At current share prices, Méliuz expects to raise around $26 million from this offering. However, if overallotment options are exercised, this amount could triple, significantly boosting the company’s Bitcoin acquisition plans. In total, investors will also receive 50.6 million warrants, with up to 152 million warrants issuable under maximum subscription conditions.
Méliuz’s strategic focus is to strengthen its Bitcoin treasury; the funds raised will be used to acquire BTC, which the company now considers a “primary strategic asset” in its financial reserves. As of March, Méliuz disclosed that it had allocated 10% of its cash reserves to Bitcoin, highlighting its commitment to digital assets.
Warrant trading is set to commence on June 16, with shares expected to settle and bonus warrants credited by June 18. Currently, Méliuz holds 320.2 BTC, reflecting its deepening involvement in cryptocurrency investment. Despite this bullish strategy, the company’s shares experienced a slight dip, dropping over 8% during Friday’s trading session.
This move underscores Méliuz’s innovative approach to integrating blockchain assets into its financial strategy, signaling a growing trend among fintech companies to leverage Bitcoin as a core component of their treasury management and investment portfolios.
