Brazilian listed company Méliuz plans to raise up to $78 million through stock issuance to increase its Bitcoin holdings.

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According to Techub News, as reported by CoinDesk, Brazilian-listed technology company Méliuz plans to raise up to 450 million reais (approximately 78 million USD) through a public stock issuance. The company intends to use all proceeds from the issuance to purchase Bitcoin, viewing it as a key strategic asset. Méliuz plans an initial issuance of 17 million shares of common stock, which may increase to 51 million shares depending on demand. At the current stock price, Méliuz expects to raise approximately 26 million USD, but this figure could double if the over-allotment option is exercised. Warrant trading is expected to begin on June 16, with stock settlement and dividend tool recording to be completed by June 18. The company currently holds 320.2 Bitcoins.

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