Brazil’s Méliuz Becomes Latin America’s Largest Public Bitcoin Holder After $28.6M Purchase

Brazilian fintech company Méliuz (CASH3), which serves over 30 million users nationwide, has emerged as Latin America’s largest publicly listed corporate holder of bitcoin (BTC), the firm announced Monday.

Following a recent stock offering, Méliuz acquired an additional 275.43 BTC for $28.61 million, bringing its total bitcoin holdings to 595.67 BTC. The company’s average purchase price stands at $102,702.84 per bitcoin.

With its growing stash, Méliuz now ranks 36th globally among publicly traded companies holding BTC.

Méliuz also reported a bitcoin yield of 908%, a metric that tracks bitcoin held per share and is commonly used among corporations running BTC-focused treasury strategies. However, methods for calculating yield can vary across firms.

Méliuz’s yield places it among the top performers in the bitcoin treasury space. For comparison, The Blockchain Group recently reported a BTC yield of 1,173%, while MicroStrategy (MSTR), the world’s largest corporate bitcoin holder, recorded a 19.1% year-to-date yield. Metaplanet (3350) posted a 266.07% yield, and Semler Scientific (SMLR) reported 26.7%.

Méliuz shares were last up 0.15% and have surged nearly 160% so far this year.