Brazil’s Méliuz Buys $28.6M in Bitcoin, Becomes Top Public BTC Holder in Latin America

Brazilian fintech firm Méliuz (CASH3), which serves over 30 million users in the country, has become Latin America’s largest publicly listed corporate holder of bitcoin

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The company said Monday that it acquired an additional 275.43 BTC for $28.61 million following a recent stock offering, raising its total holdings to 595.67 BTC.

That stash, purchased at an average price of $102,702.84 per coin, places Méliuz 36th globally among all listed companies that hold the largest cryptocurrency, the company said.

The company reported a BTC yield of 908%. The figure is a metric used to track its bitcoin per share that is commonly used among companies betting on a BTC-focused treasury, though companies may track the yield differently.

Méliuz’ yield is notable and ranks it among the largest among bitcoin treasury companies, with The Blockchain Group recently reporting a 1,173% BTC yield. Strategy (MSTR), the world’s largest bitcoin holder, reported a 19.1% year-to-date yield, while Metaplanet (3350) reported 266.07% and Semler Scientific (SMLR) 26.7%.

Méliuz’s shares were recently 0.15% higher. Year-to-date, they’re up nearly 160%.