The company announced to the Brazilian market its intention to raise funds to buy more bitcoin for its treasury strategy. In a statement, the company declared its intention to raise at least 150 million reais for new BTC acquisitions.
“The company informs its shareholders and the market in general that, in line with its strategy focused on investing in Bitcoin, it is evaluating fundraising alternatives,” the company said. On his X profile, CEO Israel Salmen confirmed the news this Tuesday (20).
For the new acquisition, the Brazilian bitcoin company will have the support of BTG Pactual, which will act as coordinator in any acquisition.
Company evaluates two ways to buy more bitcoin for its treasury
In an explanation released by the Investor Relations and Corporate Governance Director, Marcio Loures Penna, the company released some details of how it plans to buy more bitcoin. Thus, with two distinct ways, the company intends to raise funds in the financial market.
“(i) the issuance of securities representing debt securities convertible into shares or non-convertible, and/or (ii) the execution of a primary public offering of common shares, which may include the delivery of subscription warrants as an additional advantage,” says the company.
The plans involve raising at least R$ 150 million, which could be an even larger sum if opportunities arise. With the amount, the company will be able to buy more coins, adding value to its current treasury valued at 320.2 BTC.
Nothing is confirmed yet
The company released the news last Monday (19), making it clear that it has not confirmed anything yet. In other words, even if there is a new purchase in the near future, the company has not yet finalized the evaluation process and has not indicated how long it may take to complete.
“The company will keep its shareholders and the market informed about any news related to the matters reported in this relevant fact, in line with the best corporate governance practices and under the terms of applicable laws and regulations, through its usual information disclosure channels, which are the websites of the CVM (www.cvm.gov.br), of B3 S.A. – Brasil, Bolsa, Balcão (www.b3.com.br) and of the Company (https://ri.meliuz.com.br/),” concluded Director Penna’s note.
In any case, the first Brazilian bitcoin treasury shows that it remains attentive to opportunities to raise funds in the financial market.
It is worth noting that the company’s shareholders approved the change in the business last week, which now expands its borders towards bitcoin.
