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- Meliuz plans to list its shares on the U.S. OTCQX Market without issuing new stock.
- The company holds nearly 600 BTC in its treasury, gained through strategic accumulation.
- U.S. exposure could raise visibility and attract new investors to the Brazilian fintech firm.
Brazilian fintech company Meliuz is nearing a major milestone. The firm, known for its cashback services and strategic Bitcoin investments, is preparing to list its shares in the United States. The move aims to broaden its investor base and strengthen its presence in the global financial arena.
The company is to be listed on the OTCQX Market. The market is a leading trading platform for global companies targeting access to U.S. investors without undertaking a full-blown public offering. CEO Israel Salmen confirmed that the company is in the final stages of such a process.
The listing may become active in the next thirty days. Meliuz’s U.S. initial public offering will not involve an issuance of new stocks. Instead, market makers will be buying existing stocks on Brazil’s B3 exchange. Those stocks will then be made available to U.S. investors in a new ticker in dollars.
Meliuz Uses Bitcoin Treasury Model
They altered its line of business in the earlier part of the year. Meliuz was the first Latin American company to adopt a Bitcoin treasury system. The company has, thereafter, incrementally raised its Bitcoin holdings.
By July, it had acquired nearly 596 BTC. The average price for each purchase was roughly $103,864. Since prices for Bitcoin went higher in the months that followed, the corporation is in a position to make money today.
Such an approach is in line with high-profile U.S. companies, such as leading tech giants. The Meliuz step forward is a sign of increased attention to crypto-based treasury models in regions outside of North America.
Meliuz Strengthens Crypto Position
The stock jumped around 10% on the news. The reaction reflects strong conviction in the U.S. listing plan of the company. The analysts are sure the new market access for U.S. investors can offer higher demand for Meliuz stock. That is as investment demand in companies related to Bitcoin remains strong. Meliuz met the OTCQX listing criteria after fulfilling very stringent requirements.
These are high financials, complete disclosures, and U.S. law compliance. Being successfully prepared means the company is primed for transparency and evolution. With an upcoming listing date, Meliuz positions itself as a model case in the inclusion of digital assets in classical finance for anBrazilian company.
Its foray in U.S. markets can open the way for more Latin American firms aiming for the same purpose. The prospective U.S. listing for Meliuz can add to its global profile and appeal to more investors. Its further investment in Bitcoin can further establish it as a lead crypto-focused firm in Latin America.
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