Brazilian Firm Méliuz Bolsters Bitcoin Treasury with $26M Share Sale Despite Market Downturn

In a bold move amid a fluctuating market, Brazilian cashback and financial services company Méliuz has announced a primary share sale targeting $26 million to expand its Bitcoin treasury. The firm’s shares dipped 7% to R$8.20 following the announcement, reflecting mixed investor sentiment. Méliuz filed to issue 17 million new ordinary shares through Brazil’s fast-track registration channel for professional investors, with the potential to increase the offering by up to 200% if demand warrants. This strategic decision underscores the company’s confidence in Bitcoin’s long-term value, even as the current BTC price stands at 104,442.38 USDT. The move highlights a growing trend of corporations diversifying their treasuries with cryptocurrency, signaling continued institutional interest in digital assets despite short-term market volatility.

Brazilian Firm Méliuz to Expand Bitcoin Treasury with $26M Share Sale Amid Market Dip

Méliuz, a Brazilian cashback and financial services company, saw its shares drop 7% to R$8.20 as it announced a primary share sale targeting $26 million to grow its Bitcoin treasury. The firm filed to issue 17 million new ordinary shares through Brazil’s fast-track registration channel for professional investors.

The offering could expand by up to 200% if demand warrants, though management hasn’t activated this option initially. Pricing will be determined through a book-building process, with retail investors retaining priority rights.

CEO Israel Salmen positioned the MOVE as a strategic balance sheet optimization, mirroring MicroStrategy’s playbook of using equity sales to accumulate Bitcoin. Méliuz made history in March as Brazil’s first public company to adopt a BTC treasury strategy, purchasing 45.72 BTC at an average price of $90,296 per coin.

Crypto Liquidations Near $1B as Bitcoin Dips Below $105K

The cryptocurrency market saw over $841 million in forced liquidations within 24 hours, with long positions accounting for $747 million. Bitcoin’s drop below $105,000 triggered a cascade of liquidations, particularly among leveraged traders. James Wynn’s whale-long position liquidation exacerbated short-term bearish sentiment.

Short traders faced $80 million in liquidations, but the market’s fear and greed index remains at 60—solidly in ’greed’ territory. Regulatory progress in key markets like the U.S. continues to draw institutional capital, suggesting underlying bullish conviction despite the sell-off.

Memecoins and altcoins bore the brunt of the liquidation storm. Market participants now watch for a potential weekend rebound, with Bitcoin’s technical indicators hinting at oversold conditions.

Indian Government to Release Crypto Policy Paper in June Amid Supreme Court Scrutiny

India’s Supreme Court has sharply criticized the government’s approach to cryptocurrency regulation, highlighting the contradiction between imposing a 30% tax on digital assets while failing to establish clear regulatory frameworks. Justice Surya Kant’s remarks underscore growing institutional concerns about cryptocurrencies operating as a "parallel economy" with potential risks to national financial stability.

The forthcoming policy paper, expected in June 2025, signals a potential inflection point for bitcoin and other digital assets in the world’s fifth-largest economy. Market participants will scrutinize whether the government moves toward comprehensive regulation or maintains its current stance of taxation without formal recognition.

This development comes as global regulators increasingly grapple with cryptocurrency oversight. India’s approach could influence emerging markets weighing similar policy decisions amid rapid crypto adoption. The Supreme Court’s intervention suggests judicial impatience with legislative inaction on what it views as a systemic economic issue.

Brazilian Fintech Meliuz Plans $26M Bitcoin Treasury Expansion Amid Surging Demand

Meliuz, a Brazilian fintech firm, is positioning Bitcoin as a cornerstone of its treasury strategy with plans to raise R$150 million ($26 million) through a public offering. The capital injection could expand to R$450 million ($78 million) if demand warrants, signaling institutional confidence in BTC’s long-term value proposition.

The offering’s shares will be priced on June 12, with trading commencing June 16 under BTG Pactual’s coordination. This move follows growing corporate adoption of Bitcoin as a treasury reserve asset, mirroring strategies pioneered by MicroStrategy and Tesla.

Notably absent is any hedging mechanism - the firm appears committed to outright accumulation. ’This isn’t speculation, it’s structural allocation,’ a market observer noted, pointing to the automatic registration procedure that expedites regulatory approval.

Trump Media to Allocate $2.3 Billion to Bitcoin Following Capital Raise

Trump Media and Technology Group, the parent company of Truth Social, has finalized a private placement offering that generated $2.32 billion in net proceeds. The capital will be directed toward establishing a corporate Bitcoin treasury and other general corporate purposes.

The offering included the sale of 56 million shares at $25.72 each, raising $1.44 billion, alongside $1 billion in zero-coupon convertible notes. Approximately 50 institutional investors participated, with Yorkville Securities and Clear Street leading the deal and Cantor Fitzgerald advising.

Devin Nunes, CEO of TRUMP Media, emphasized the strategic importance of the move, stating it provides the financial flexibility to pursue expansion plans. The company’s balance sheet will now include Bitcoin alongside existing cash and short-term investments, totaling over $3 billion in liquid assets.