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Brazilian Fintech Stock Soars 150% After Announcing Bitcoin Treasury Strategy

Brazilian Fintech Stock Soars 150% After Announcing Bitcoin Treasury Strategy

decryptCO
Author:
decryptCO
Release Time:
2025-05-16 19:23:04
0

Brazilian Fintech’s Shares Rocket Following Bitcoin Buying Strategy

Move over, gold—São Paulo’s Nubank rival just bet its balance sheet on BTC.

Market Frenzy: Shares of Banco Inter’s parent company (BIDI11) hit record highs as retail investors piled in, ignoring traditional analysts’ warnings about ’volatility risks.’

Crypto Coup: The 6-year-old digital bank allocated 10% of cash reserves to Bitcoin last quarter—now outperforming every legacy bank’s treasury portfolio in LatAm.

Wall Street’s Dilemma: While Citi downgrades the stock (’speculative maneuver’), crypto-native hedge funds are loading up—proving yet again that in finance, hypocrisy floats all boats.

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