Brazil’s Méliuz Proposes $78M Equity Raise for Bitcoin Purchase, Shares Decline

Brazilian fintech firm Méliuz (CASH3), which serves more than 30 million users nationwide, has unveiled plans for a public equity offering to raise up to R$450 million (approximately $78 million). The capital raised will be fully allocated toward acquiring bitcoin, reinforcing the cryptocurrency as a key strategic asset in the company’s treasury.

According to a securities filing released on Friday, the offering will begin with 17 million common shares and may increase to 51 million shares based on investor demand. Shares will be available exclusively to professional investors both in Brazil and internationally, under automatic registration rules.

Each share will be paired with free subscription warrants across 10 series, allowing investors to purchase additional shares at set prices in the future. At current market prices, Méliuz anticipates raising about $26 million, though this amount could triple if overallotment options are fully exercised.

Participants in the offering will initially receive 50.6 million warrants, with the potential to increase to 152 million warrants if the maximum subscription is reached.

Méliuz has previously disclosed that it allocated 10% of its cash reserves to bitcoin in March. This new offering aims to deepen its bitcoin holdings, highlighting BTC as a “primary strategic asset” in its financial portfolio.

Trading of the warrants is expected to start on June 16, with share settlement and bonus instrument crediting scheduled for June 18.

Currently, the company holds 320.2 BTC. Following the announcement, Méliuz’s shares fell by more than 8% during Friday’s trading session.