Briefly
- The Brazilian Money Refunding Company has announced an investment in Bitcoin of $ 28 million.
- A public trading company says it is the first treasure trove of bitcoin in the country.
- The idea, according to Méliuz, is that shareholders will get a better refund.
Public trade Brazilian Fintech company Méliuz called South America first place Bitcoin Treasury company after spending over $ 28 million on a crypto currency.
Méliuz, a Brazilian household name that offers customers coupons for refund and shops on the oldest stock market in the country (B3: Cash3), first announced its plans to buy Bitcoin in March, sending its shares.
And on Friday, after announcing that he had recorded 274.52 BTC for $ 28.4 billion, at an average price of $ 101,703 at virtual money, his shares were missing even more – repeating by 26%.
“Instead of just awarding a part of its money Bitcoin as protection against inflation or devaluation of currency, the company set its purpose of action by maximizing bitcoin per share,” the company states.
Said Ray Nasser, who leads the hand of Latin America to Blockfills, said Decipher that the company copied the strategy (earlier Microstrategy) to help shareholders more values for money.
Méliuz went public in 2020, but he had a problem – as Many other Brazilian companies—As the high interest rate of the Earth.
“The company has lost its importance over the years, and the price price has fallen,” he said. “Although 2024 made a turnaround, he does what the strategy is doing now, the riding is Hype. Bitcoin is a great reserve. It has something to do with its fundamental job, but not completely.”
He added, “This is a deviation from his fundamental job, but his supplies have seen hype and benefits. That suits them.”
Bitcoin cash registers are companies that buy Bitcoin and allow investors to expose the KRIPTO currency buying the company’s shares.
American software company Strategy He started buying Bitcoin 2020 and has since accelerated his purchase because the price of stock rocketed.
Numerous other companies on the NASDAQ list in the US are following a lawsuit that they will try, changing their business models to focus on the accumulation of bitcoin.
Brazil, the largest economy of Latin America, is the largest digital property market in the region and has the most Kripto ETF.
Edited by James Rubin
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