Brazilian Fintech Unicorn Meliuz Joins Bitcoin Bandwagon
In a big move, Brazilian fintech star Meliuz has decided to invest in Bitcoin, showing that traditional finance companies are warming up to cryptocurrencies. Let’s find out why Meliuz is doing this and what it means for the company and the fintech world.
Meliuz’s Bitcoin Plan
Meliuz, famous for its cashback and financial services, has agreed to put up to 10% of its cash into Bitcoin[1][2]. This is a long-term strategy to get the best returns from this investment. Meliuz has already bought 45.72 Bitcoins for about $4.1 million, at an average price of $90,296 per Bitcoin[1][3].
Key Parts of the Plan
- Investment Amount: Meliuz can invest up to 10% of its cash in Bitcoin, showing a careful yet significant bet on cryptocurrency[2][3].
- Long-Term Goal: Meliuz wants to make money from Bitcoin in the long run, showing it believes in Bitcoin’s growth and stability[1][2].
- Special Team: Meliuz is creating a Bitcoin team to manage this plan, including future investments and Bitcoin rules[1].
What This Means
Meliuz’s decision to invest in Bitcoin has a few important effects:
- Trend in the Market: It shows that more companies are accepting cryptocurrency as part of their money, reflecting a bigger change in traditional finance[1][3].
- Possible Expansion: Meliuz might expand its Bitcoin plan, even considering Bitcoin as a main part of its money in the future. This could mean finding ways to get more Bitcoin for shareholders[3].
Looking Ahead
Meliuz’s choice to invest in Bitcoin shows that fintech companies are ready to try new things and believe in the future of cryptocurrency. As the money world changes, more companies might do the same. Meliuz’s move shows it’s ready for the future and sets an example for other companies.
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Sources:
– tradingview.com
– tradingview.com
– coindesk.com
– marketscreener.com
– bitcoinmagazine.com