Brazilian company Méliuz raises 32 million dollars to increase Bitcoin holdings

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Brazilian company Méliuz has raised approximately 180 million reais (32 million USD) through a stock offering to buy Bitcoin. This offering was priced at 7.06 reais per share, falling 5% from the previous closing price. The funds raised will be used to purchase more Bitcoin, with the company currently holding around 320.25 BTC. This decision reflects confidence in the long-term value of Bitcoin, viewed as a hedge against inflation.

Méliuz is not the only company accumulating Bitcoin; many other businesses like Strategy are also participating. Brazil is emerging as an important player in the cryptocurrency market in Latin America, with increasing interest from both individuals and businesses in digital assets.

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