Bitcoin Meets Brazil: Fintech Becomes Latin America’s 1st Bitcoin Treasury Giant 🇧🇷
Brazilian fintech firm Méliuz has embarked on a groundbreaking journey by incorporating Bitcoin into its corporate treasury. The company made headlines as the first in Latin America to take such a step, investing $28.4 million to acquire 274.52 BTC at an average price of $103,604 each.
With this acquisition, Méliuz's total Bitcoin holdings have reached 320 BTC, now valued at more than $33 million. This move reflects a significant shift in corporate investment strategies in the region, showcasing increasing confidence in cryptocurrency as a financial asset.
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