Brazilian fintech Méliuz recently announced a primary share offering to raise funds for acquiring more Bitcoin, causing its shares to drop by over 8%. The company plans to offer 17 million common shares initially, with the potential to increase by up to 200% based on demand. This move signifies Méliuz's transition into Brazil's first Bitcoin treasury company, following its previous Bitcoin purchases. By focusing on maximizing Bitcoin per share, the company aims to enhance shareholder value. Despite the stock price fluctuations, Méliuz's strategy shift mirrors that of MicroStrategy, known for accumulating a significant amount of Bitcoin. The offering is set for June 12, with existing shareholders given priority subscription periods. Méliuz's foray into Bitcoin began in 2022, expanding its services to include crypto purchases and introducing innovative features like 'cryptoback' rewards. Read more AI-generated news on: https://app.chaingpt.org/news

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