Brazil-based fintech company Méliuz (CASH3), serving over 30 million users, has announced a public equity offering aiming to raise up to R$450 million (around $78 million). The proceeds will be dedicated entirely to acquiring bitcoin, positioning the cryptocurrency as a cornerstone of the firm’s treasury strategy.
The offering, disclosed Friday in an official securities filing, comprises an initial issuance of 17 million common shares, with a potential increase to 51 million shares if demand warrants. The shares will be offered exclusively to professional investors in Brazil and internationally, under automatic registration provisions.
Alongside the shares, investors will receive free subscription warrants divided into 10 series, enabling future purchases of additional shares at predetermined prices. At current prices, Méliuz expects to raise approximately $26 million, with the total potentially tripling if overallotment options are exercised.
Investors will be granted 50.6 million warrants initially, which could expand up to 152 million if full subscription is reached.
This initiative follows Méliuz’s March announcement that it had allocated 10% of its cash reserves to bitcoin, further cementing BTC’s status as a “primary strategic asset” in the company’s portfolio.
Warrant trading is scheduled to commence on June 16, with share settlement and the issuance of bonus instruments expected by June 18.
Currently, Méliuz holds 320.2 BTC. The company’s shares declined over 8% following the announcement during Friday’s trading session.
