TechFlow, May 22 — According to Cryptonews, Brazilian B3-listed company Méliuz announced plans to raise 150 million reais (approximately $26.5 million) to purchase bitcoin, further expanding its bitcoin treasury strategy. The company has appointed investment bank BTG Pactual to coordinate the fundraising, which may take place through share issuance, convertible debt, or a public offering. Earlier this month, Méliuz spent approximately $28.5 million to acquire 274.52 bitcoins and currently holds 320.2 bitcoins, becoming Brazil's first listed company with a bitcoin treasury. The company stated it will adjust its purchase plans based on market opportunities and commit to keeping shareholders informed of updates.
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