According to ChainCatcher, Brazilian publicly traded company Méliuz plans to purchase an additional $26.5 million worth of Bitcoin. Méliuz stated that it intends to raise at least 150 million reais (approximately $26.5 million) through the issuance of stocks or convertible bonds, and is working with investment bank BTG Pactual to advance its financing plans. Previously, it was reported that Brazilian fintech company Méliuz spent $28 million to purchase Bitcoin, becoming the first publicly traded company in South America to establish a Bitcoin reserve.