Meliuz, a Brazilian cashback company that became the first to establish a bitcoin strategic reserve in Latam, revealed it intends to purchase nearly $80 million more worth of bitcoin.
Meliuz Seeks Funding to Buy Nearly $80M Worth of Bitcoin
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The company announced a public share offering to raise the funds needed, with a ceiling of 34,013,606 shares. BTG Pactual, the bank organizing the sale, has committed to purchasing the shares not acquired by the general market. Nonetheless, this is a real test for Meliuz, which can cancel this fundraising process if there is no demand for its activities, effectively turning this process into a thermometer for the company’s new bitcoin agenda.
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
