On Thursday, Brazilian fintech company Meliuz announced its adoption of a new treasury strategy during a board of directors meeting. This strategy enables the company to invest a portion of its resources in bitcoin for potential long-term growth. According to a securities filing, Meliuz can now allocate up to 10% of its cash reserves to bitcoin. The company disclosed that it has already acquired 45.72 bitcoin, valued at approximately $4.1 million.
Furthermore, the board has requested an in-depth analysis of this new strategy, considering the potential for bitcoin to become a primary strategic asset within Meliuz's treasury in the future.