Brazilian fintech company Méliuz (CASH3), serving over 30 million users, has announced a public equity offering aimed at raising up to R$450 million (approximately $78 million) to purchase bitcoin (BTC) and solidify the cryptocurrency as a core strategic asset in its treasury.
The offering, revealed on Friday through a securities filing, involves an initial issuance of 17 million common shares, with the option to increase the total to 51 million shares depending on investor demand. The shares will be available exclusively to professional investors both in Brazil and internationally under automatic registration regulations.
Each share purchase will include free subscription warrants, divided into 10 series, granting investors the right to acquire additional shares at predetermined prices in the future. At current market prices, Méliuz anticipates raising around $26 million, with the potential to triple this amount if the overallotment options are fully exercised.
Investors participating in the offering will receive 50.6 million warrants, which could increase to a maximum of 152 million warrants if the full subscription is achieved.
Méliuz plans to allocate all funds raised through this offering to acquire bitcoin, reinforcing its commitment to positioning BTC as a “primary strategic asset” within its treasury. The company, known for its cashback and financial services platform, disclosed in March that it had already allocated 10% of its cash reserves to bitcoin.
Trading of the warrants is expected to begin on June 16, with share settlement and distribution of bonus instruments scheduled for June 18.
Currently, Méliuz holds 320.2 BTC. Following the announcement, its shares fell by more than 8% during Friday’s trading session.
