Brazilian fintech agency Meliuz (CASH3) plans to boost R180.08 million ($32.4 million) by way of an fairness providing, in keeping with a submitting.
The funding is earmarked particularly for the acquisition of bitcoin, aligning with the corporate’s latest strategic shift to include bitcoin into its stability sheet.
The providing, priced at R7.06 ($1.27) per share, was about 5% lower than Meliuz’s closing value of R7.43 on Thursday. The inventory has fallen greater than 5% in right this moment’s buying and selling.
BTG Pactual served because the book-runner for the deal, in keeping with the submitting.
Earlier this 12 months, Meliuz introduced that the corporate plans to boost $78 million in fairness to turn into “the primary bitcoin treasury firm” in Brazil.
The fintech firm, which calls itself “third quickest rising purchasing App in Brazil,” boasts about 41 million loyal customers as of the primary quarter of this 12 months, in keeping with a presentation. The corporate at present has a market cap of R647.08M ($116.5M), in keeping with TradingView information.
