Brazilian Fintech Company Meliuz Proposes Plan to Expand Bitcoin Holdings

Brazilian fintech company Meliuz has proposed a plan to expand its Bitcoin holdings and position cryptocurrency as a strategic asset on its balance sheet. The company will present the main strategic assets in its finances to shareholders at a meeting scheduled for May 6. If the measure is approved by shareholders, Bitcoin will be used as the company's main strategic financial asset. However, the company will also seek to "incrementally generate Bitcoin for shareholders, whether through generating operational cash or through potential financial transactions and strategic initiatives."