Meliuz Stock Tanks as Brazilian Firm Bets Big on Bitcoin with $32.4M Fundraise

BTCC / BTCC Square / CoindeskEN /

Author:

CoindeskEN

Release Time:

2025-06-13 14:43:45

Brazilian Firm Meliuz''s Shares Fall After Planning to Raise $32.4M to Buy Bitcoin

Brazilian cashback giant Meliuz just triggered a market freakout—and crypto bulls are loving it.

The Plot Twist No One Saw Coming

Shares cratered 15% after hours when management announced plans to raise $32.4 million... exclusively for Bitcoin purchases. Street analysts scrambled to update models that still value companies based on ''earnings'' and ''cash flow.''

Corporate Treasury 2.0

Move over, MicroStrategy—there''s a new LATAM contender in the corporate Bitcoin arms race. The move mirrors El Salvador''s playbook, but with that special flavor of emerging market volatility.

The Cynic''s Corner

Because nothing says ''confidence in our core business'' like dumping eight figures into an asset that swings 20% before lunch. At least they''re not buying NFTs... yet.

By:

Log in to Reply

JPMorgan Reports: Bitcoin Miners Smash Records With Stellar Q2 2025 Performance

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.