Brazilian firm Méliuz seeks $26m raise to buy more Bitcoin

Méliuz, a publicly traded fintech in Brazil, has filed for approval to raise $26.4 million that it plans to use to buy more Bitcoin.

According to a report by Reuters, the company is seeking regulatory approval for an offer of 17,006,803 common shares to raise 150 million reais, or approximately $26.4 million. If the application is approved, Méliuz plans to use the proceeds to buy Bitcoin ( BTC ).

Per the securities filing the company submitted Friday, pricing for the offering will be on June 12, 2025. While the target is $26.4 million as per the share offering, Méliuz says the company could expand this by 200% should the move be required.

Méliuz’s latest move comes just weeks after the company revealed it had purchased $28.4 million in BTC, expanding its haul following shareholder approval of plans to make the fintech firm a Bitcoin treasury company.

According to Israel Salmen, executive chairman of Méliuz, the 274.52 BTC the company acquired brought its total to 320.3 BTC. Its first foray was a 45.73 BTC buy in early March 2025, with the total purchase completed at an average price of $101,703 per Bitcoin.

“Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil,” Salmen said at the time.

Méliuz’s venture adds to the growing trend of publicly traded companies raising funds to bolster their Bitcoin treasury strategies. Two of the headlines on the topic this week have come from GameStop and Trump Media.

Video game retailer GameStop officially became a Bitcoin company when it acquired 4,710 for over $500 million. 

Meanwhile, Trump Media announced plans to raise $2.5 billion to buy the world’s leading digital asset as part of its corporate strategy. The company has taken this big step with a $2.44 billion raise. These companies seek to follow in the footsteps of Strategy, formerly MicroStrategy, which first bought Bitcoin in August 2020.