Brazilian fintech agency Méliuz (CASH3), which serves over 30 million customers within the nation, has turn into Latin America’s largest publicly listed company holder of bitcoin
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The corporate mentioned Monday that it acquired a further 275.43 BTC for $28.61 million following a latest inventory providing, elevating its complete holdings to 595.67 BTC.
That stash, bought at a median value of $102,702.84 per coin, locations Méliuz thirty sixth globally amongst all listed firms that maintain the biggest cryptocurrency, the corporate mentioned.
The corporate reported a BTC yield of 908%. The determine is a metric used to trace its bitcoin per share that’s generally used amongst firms betting on a BTC-focused treasury, although firms might monitor the yield in a different way.
Méliuz’ yield is notable and ranks it among the many largest amongst bitcoin treasury firms, with The Blockchain Group not too long ago reporting a 1,173% BTC yield. Technique (MSTR), the world’s largest bitcoin holder, reported a 19.1% year-to-date yield, whereas Metaplanet (3350) reported 266.07% and Semler Scientific (SMLR) 26.7%.
Méliuz’s shares have been not too long ago 0.15% larger. Yr-to-date, they’re up almost 160%.
