5 hours ago
Brazilian fintech steadfast Méliuz (CASH3), which serves implicit 30 cardinal users successful the country, has go Latin America’s largest publically listed firm holder of bitcoin BTC.
The institution said Monday that it acquired an further 275.43 BTC for $28.61 cardinal pursuing a recent banal offering, raising its full holdings to 595.67 BTC.
That stash, purchased astatine an mean terms of $102,702.84 per coin, places Méliuz 36th globally among each listed companies that clasp the largest cryptocurrency, the institution said.
The institution reported a BTC output of 908%. The fig is simply a metric utilized to way its bitcoin per stock that is commonly utilized among companies betting connected a BTC-focused treasury, though companies whitethorn way the output differently.
Méliuz’ output is notable and ranks it among the largest among bitcoin treasury companies, with The Blockchain Group precocious reporting a 1,173% BTC yield. Strategy (MSTR), the world’s largest bitcoin holder, reported a 19.1% year-to-date yield, portion Metaplanet (3350) reported 266.07% and Semler Scientific (SMLR) 26.7%.
Méliuz's shares were precocious 0.15% higher. Year-to-date, they're up astir 160%.
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