Méliuz strengthens its confidence in Bitcoin after investing an additional 28.6 million USD

Méliuz, a Brazilian company, has become the largest corporate holder of Bitcoin in Latin America after making a purchase transaction worth 28.6 million USD. The company bought Bitcoin (BTC) at a price of 103,864 USD, indicating that their investment has increased in value.

However, there are growing concerns about the number of businesses, such as Méliuz, that have completely shifted to investing in cryptocurrencies. Although there are many benefits, this decision carries many risks, and participating companies may face difficulties due to market volatility.

Méliuz strengthens its position in the field of holding Bitcoin

The purchase of Bitcoin by corporations has become a prominent trend in recent months, with many types of companies mimicking the steps of Strategy. Despite its global appeal, the majority of large companies are still headquartered in America. However, the recent transaction by Méliuz is truly noteworthy, as this company is now the leading corporate holder of Bitcoin in Latin America:

"No public company in Latin America holds more Bitcoin than Méliuz! After delivering a 44% return to shareholders over the past 36 days, we currently own nearly 600 BTC. We have invested 158 million R$ ( equivalent to 28.7 million USD) through the issuance of new shares, and we have only just begun!" the company announced on social media platforms.

Méliuz is also proud to announce that they have purchased more Bitcoin than Strategy today. According to the company's full press release, they executed this BTC purchase at an average price of 103,864 USD, indicating that their investment has increased in value. After weeks of continuous shopping, their total average price is 102,702 USD.

Currently, Méliuz is the largest corporate holder of Bitcoin in Latin America and ranks 36th globally. The company's main business is providing cashback services and discount vouchers for online and in-store shopping transactions, but they have transformed into a Bitcoin-prioritized company, which also reflects a global trend.

However, there are growing concerns about this trend. How many companies holding like Méliuz can actually withstand the volatility of Bitcoin?

This morning, Anthony Pompliano announced a merger deal worth 1 billion USD aimed at creating a new company providing "Bitcoin-native financial services." Although the community has reacted positively, there are growing doubts about the potential for a bubble, and the company's stock has dropped by 24%.

Overall, economists are expressing great concern about many companies worldwide shifting to a strategy prioritizing Bitcoin. In the context of a macroeconomic crisis, the extreme volatility of the cryptocurrency market along with the instability of the traditional economy could have serious implications for companies trying to balance between these two fields.

Mr. Giáo