💨 Abstract

Brazilian fintech Meliuz has announced a new strategy to allocate a portion of its cash reserves in Bitcoin, with the potential to make it the main asset of its treasury. This decision was made to capture long-term returns and follows the lead of companies like U.S.-based Strategy and Japan's Metaplanet. Up to 10% of Meliuz's cash can be allocated in Bitcoin, with the company already purchasing 45.72

Courtesy: theprint.in

Summarized by Einstein Beta 🤖