coindesk.com
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%.