Brazilian fintech company Meliuz announced on Monday that it plans to expand its bitcoin reserves strategy, aiming to make the cryptocurrency the primary asset in its corporate treasury.
In a filing with securities regulators, the company revealed it will convene a shareholder meeting on May 6 to vote on incorporating bitcoin investments as part of its official corporate objectives.
Earlier this year, Meliuz initiated its bitcoin strategy, marking the first step in its plan to integrate cryptocurrency into its financial operations.
Related topics:
Trump Reverses IRS Rule on DeFi Exchanges
Berkshire Hathaway Prices ¥90 Billion Bond Amid Global Market Turmoil