Brazilian Fintech Unicorn Meliuz Welcomes Bitcoin!
Imagine a world where traditional finance companies start investing in cryptocurrencies. That’s exactly what’s happening! Brazilian fintech unicorn Meliuz has made a big decision to invest in Bitcoin. Let’s find out more about this exciting news and what it means for Meliuz and the fintech world.
Meliuz’s Big Plan
Meliuz, famous for its cashback and financial services, has a new plan. It wants to put some of its cash into Bitcoin! The company’s board has agreed that up to 10% of its cash can be used to buy Bitcoin. Meliuz has already bought 45.72 Bitcoins, spending around $4.1 million at an average price of $90,296 per Bitcoin.
How It Works
- Investment Amount: Meliuz can invest up to 10% of its cash in Bitcoin, which is a significant but careful move.
- Long-Term Goal: Meliuz wants to make money from Bitcoin in the long run, showing it believes in Bitcoin’s future.
- Special Team: Meliuz is creating a special team to manage this Bitcoin strategy and plan for the future.
What This Means
Meliuz’s decision to invest in Bitcoin has some interesting effects:
- Following a Trend: More companies are investing in cryptocurrency, showing that digital money is becoming more accepted in traditional finance.
- Potential Growth: Meliuz might expand its Bitcoin strategy, possibly even making Bitcoin its main investment. It’s also thinking about ways to give more Bitcoin to its shareholders.
Embracing the Future
Meliuz’s decision to invest in Bitcoin is a big step for fintech companies. It shows they’re ready to try new things and believe in the future of cryptocurrency. As the financial world changes, more companies might follow Meliuz’s lead.
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