Shares of Brazilian company Méliuz traded on May 30 at R$8.20, a 7% lower. Company announcement Of the major stock sales that could raise about $26 million to expand the Bitcoin (BTC) Ministry of Finance.
The cashback and financial services company has filed for the issuance of 17,006,803 new common stock through the Brazilian high-speed truck “automatic” registration channel for professional investors.
In addition to offering $26 million from the base transaction, management could expand the offer by up to 200% if the book showed stronger demand, but did not enable that option at launch.
Pricing follows a bookkeeping process that sets a single liquidation price for all participants, including retail holders who exercise priority.
Transfer to Bitcoin Ministry of Finance
CEO Israel Salmen said the transaction was structured and revenues would “optimize the balance sheet” and match the board of directors. Decided to park 10% of cash on Bitcoin.
He did not disclose any specific purchase schedules. Still, the structure of equity sales and transfer to Bitcoin tracks how it was adopted by the strategy. This has repeatedly tapped the capital market to expand its digital assets position.
Méliuz revealed on March 6 that it purchased 45.72 BTC for $4.1 million at an average of $90,296 per coin, making it the first Brazilian public company to adopt the BTC financial strategy.
At the time, Salmen said Bitcoin was a “long-term value storage” and that management had no intention of trading that position.
Investors accelerated to stocks after the announcement. Méliuz’s stock rose 113% from March 6 to its current price, surpassing Brazil’s Ibovespa benchmark, mirroring Bitcoin’s transition to a high of over $110,000.
Next Steps
Salmen said the company will convene an extraordinary shareholder meeting to increase approved capital, allowing it to respect the warrant exercise without delay.
He added that the board intends to maintain its current dividend policy and views Bitcoin allocation as complementary rather than destroying core operations.
Méliuz finished the first quarter, finishing close to $263 million in total cash and financial investments. A 10% Bitcoin threshold means further purchases if the company maintains its policy after the new share sales have ended.
