Brazilian Company Meliuz Selling Shares to Buy Bitcoin
Hey, so check this out. This Brazilian fintech company, Meliuz, you know, the one that trades as CASH3.SA, they just shared that they're planning to sell some shares. Like, they filed for a new stock offering.
Why, you ask? Well, their goal is to get some extra cash to buy bitcoin! Yeah, bitcoin. Pretty interesting, right? They're planning to price these shares on June 12th, so that's coming up soon.
They did a filing on Friday, and in it, they said they're gonna start by offering over 17 million common shares at first. They're hoping to raise about 150 million reais from this initial sale, which is like $26.45 million in US dollars right now. They also mentioned they might even sell up to 200% more shares than that if things go well. So, it could get even bigger!
It makes you wonder, what are they planning to do with all that bitcoin once they buy it? Idk, maybe they have some cool ideas in mind for the future. What do you guys think about companies buying up bitcoin?
