Brazilian fintech Meliuz adopts new treasury strategy to invest in bitcoin
ReutersMar 6, 2025 11:46 AM
SAO PAULO, March 6 (Reuters) - Brazilian fintech Meliuz CASH3.SA said on Thursday its board of directors had approved a new treasury strategy allowing the company to allocate resources and make investments in bitcoin as it seeks "long-term" returns.
The new strategy allows up to 10% of Meliuz's cash to be allocated in bitcoin, the firm said in a securities filing, adding it had already purchased 45.72 bitcoin for about $4.1 million.
The policy might be expanded in the future as the board has also requested that the firm conduct a "detailed analysis" on the new strategy, including "the adoption of bitcoin as the main strategic asset of our treasury," Meliuz said.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey
Related Articles
[Reuters Analysis] China's bull market risks running out of gas: Raychaudhuri
By Manishi Raychaudhuri HONG KONG, Sept 22 (Reuters) - China's onshore equity markets are booming, outperforming many of their developed market counterparts this year. But whether this is the beginning of a true Chinese equity boom or yet another short-lived bubble will likely depend on gover...Reuters
2 hours ago
[Reuters Analysis] Why South Korea cannot make the same US trade deal as Japan
South Korea trade talks with U.S. have stalled due to FX issuesCurrency market too small for $350 bln fund, unlike Japan's caseHopes grow that bilateral currency swap line may offer solution By Jihoon Lee and Yena Park SEOUL, Sept 15 (Reuters) - South Korea's negotiations with the U.S. on...Reuters
Tue, Sep 16
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks aheadTradingKey
Thu, Sep 4
Toyota’s Hybrid Momentum Drives Q1 FY26 Growth, Yet Tariff Risks Cloud Horizon
TradingKey - Toyota Motor Corporation (NYSE: TM) reported its Q1 FY2026 earnings for the quarter ended June 30, 2025. Following the market close on August 7, shares dropped approximately -1.36%, reflecting mixed sentiment despite optimism around robust hybrid sales and a weaker yen boosting profitabTradingKey
Fri, Aug 8
Tradingkey
