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Brazil’s Méliuz Bets Big on Bitcoin—$78M Equity Offering Sends Stock into Freefall
Brazil’s Méliuz Bets Big on Bitcoin—$78M Equity Offering Sends Stock into Freefall
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In a move that screams ’2021 called and wants its playbook back,’ Brazilian fintech Méliuz announces plans to raise $78 million—not for R&D or expansion, but to buy Bitcoin. Because nothing reassures shareholders like doubling down on volatility.
The market’s response? A swift punch to the gut. Shares tanked faster than a shitcoin in a bear market. Turns out, Wall Street still prefers companies that, you know, make money rather than gamble with shareholder capital.
Will this Hail Mary pay off? Only time—and the merciless crypto gods—will tell. Meanwhile, traditional finance guys are smugly adjusting their spreadsheets.
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