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Brazil’s Méliuz Bets Big on Bitcoin with $78M Raise—Market Votes ’No’ with 20% Share Drop
Brazil’s Méliuz Bets Big on Bitcoin with $78M Raise—Market Votes ’No’ with 20% Share Drop
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In a move that screams ’2021 called,’ Brazilian fintech Méliuz announces plans to dump $78 million into Bitcoin—just as the crypto winter starts showing cracks. Investors responded by dumping Méliuz shares instead.
The offering? A Hail Mary pass for relevance. The market reaction? A masterclass in skepticism. Because nothing reassures shareholders like doubling down on volatility during a recession.
Bonus jab: Traders now await the inevitable ’strategic pivot to AI’ when this play fails.
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