Meliuz Raising Cash for Bitcoin

Hey, guess what? That Brazilian tech company, Meliuz or CASH3 as some folks call 'em, just said they're gonna offer up some shares. Yeah, like, sell some pieces of their company to raise money.

Why are they doing this? Well, their plan is to use that cash to buy up some bitcoin. Pretty interesting, right? They're thinking about pricing these shares around June 12th.

So, they filed some papers on Friday saying they're starting with over 17 million common shares. That's initially going to get them about 150 million reais, which is roughly 26.45 million American dollars right now. But get this, they can actually sell way more shares, like up to three times the initial amount!

It's kinda cool to see companies getting into the crypto world, don't you think? It makes you wonder where things are headed.