maoozusman

The offering includes free subscription warrants and aims to position bitcoin as a primary strategic asset in Méliuz’s treasury.

#BTC☀️
Brazilian fintech Méliuz aims to raise up to R$450 million ($78 million) through a public share offering.
The company plans to allocate all proceeds from the offering to purchase BTC, viewing it as a primary strategic asset.
Investors will receive free subscription warrants, allowing them to purchase additional shares at set prices in the future.
Brazilian fintech Méliuz (CASH3), which serves over 30 million users in the country, is launching a public share offering to raise up to R$450 million ($78 million), with plans to allocate all proceeds to purchasing bitcoin {{BTC}}.

The offering, announced Friday in a securities filing, consists of an initial issuance of 17 million common shares, with the possibility of expanding to 51 million depending on demand. Shares will be sold exclusively to professional investors in Brazil and abroad under automatic registration rules.

Each share purchased will come with a package of free subscription warrants divided into 10 series, allowing investors to buy additional stock at set prices in the future.

At current share prices, Méliuz expects to raise around $26 million, but that figure could triple if overallotment options are exercised.

Investors participating in the offering will also receive 50.6 million warrants, of which up to 152 million will be issued in total under maximum subscription conditions.

Méliuz will use the raised funds to acquire BTC, positioning it as a "primary strategic asset" in its treasury. The firm, known for its cashback and financial services platform, revealed it was allocating 10% of its cash reserves to BTC back in March.

Warrant trading is expected to begin on June 16, with share settlement and crediting of the bonus instruments by June 18.

The company currently holds 320.2 BTC. Its shares dropped more than 8% in Friday’s
trading session.

Altcoins took a beating as traders digested renewed U.S.-China tariff tensions, Bitcoin whale sell-offs, and a broader risk-off mood

Cryptocurrencies experienced significant losses over the weekend, with Dogecoin dropping over 8% and Pepe falling 12%.
Bitcoin's price fell over 2%, trading just above $103,600, while the CoinDesk 20 index decreased by 4.2%.
Analysts link the downturn to renewed U.S.-China trade tensions, with market volatility expected to continue.
Cryptocurrencies started the weekend in red with Dogecoin (DOGE) down over 8% to lead losses among majors and Pepe (PEPE) shedding 12%.

Bitcoin fell over 2% to under $104,000 and traded just over $103,600 in Asian afternoon hours Saturday, while the CoinDesk 20 index slumped 4.2% in the past 24 hours.

Ether (ETH) fell nearly 4%, xrp (XRP), BNB Chain (BNB), Cardano’s ADA and Solana’s SOL showed losses between 2-5%. Cronos Network’s CRO was the only gainer in the top 100 tokens with a 12% on no immediate catalyst.

Analysts attributed the downturn to renewed U.S.-China trade tensions.

"Markets went red on Friday on renewed tariff-related apprehensions," said Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk in an email. “President Trump accused China on social media of violating the recent trade truce, while Treasury Secretary Scott Bessent admitted in an interview that talks with Beijing had stalled.”

The derivatives market also pointed to increasing investor caution. Open interest in Bitcoin futures is up 51% since April, while options have ballooned by 126%, according to data from Deribit.

Whale wallets, which had been accumulating Bitcoin throughout the year, recently shifted to net selling, sending coins back to exchanges — a classic sign of profit-taking.
Bitcoin’s local support looks solid around $103K for the coming days," Kuptsikevich said. However, with tariff headlines rattling markets and whales taking risk off, traders are bracing for more volatility, he added

#Liquidations $ETH
James Wynn, a well-known figure in the cryptocurrency scene, is reportedly on the brink of total liquidation as his Bitcoin investments suffer staggering losses approaching $100 million. Once a staunch advocate for Bitcoin's bullish prospects, Wynn's financial strategies now appear to be crumbling amid ongoing market volatility. Analysts attribute his downfall to aggressive leverage and a lack of diversified holdings, which left him vulnerable to sudden price declines.
As Bitcoin continues to oscillate between high volatility and uncertain regulation, Wynn’s situation raises alarm bells for many crypto investors. Market watchers are concerned that such high-profile liquidations could trigger panic selling across the board. In response to his losses, Wynn has not yet issued a public statement, leaving followers and critics alike speculating on his next moves.
The sharp downturn serves as a stark reminder of the risks inherent in cryptocurrency trading and the importance of risk management in investment strategies