Brazil fintech Meliuz proposes expanding bitcoin reserves strategy
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Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
SAO PAULO (Reuters) - Brazilian fintech Meliuz said on Monday it will propose expanding its bitcoin reserves strategy, aiming to make the cryptocurrency the main strategic asset in the firm's treasury.
In a securities filing, Meliuz said it will call a shareholder meeting for May 6 to vote on including bitcoin investments as one of the company's corporate purposes.
Meliuz had launched earlier this year its bitcoin strategy.
(Reporting by Andre Romani, Editing by Natalia Siniawski)
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