Meliuz Plans to Raise $32.4 Million for Bitcoin Purchase
Brazilian fintech Meliuz (CASH3) aims to raise R180.08 million ($32.4 million) through an equity offering to fund bitcoin purchases, reflecting its strategy to add bitcoin to its balance sheet.
- The offering is priced at R7.06 ($1.27) per share, about 5% lower than the closing price of R7.43.
- Meliuz's stock has declined over 5% during today's trading session.
- BTG Pactual is the book-runner for this deal.
- Earlier, Meliuz announced plans to raise $78 million to become Brazil’s first bitcoin treasury company.
- The company claims to be the third fastest-growing shopping app in Brazil, with 41 million users as of Q1 2023.
- Meliuz has a market cap of R647.08 million ($116.5 million), according to TradingView data.