Brazil-based fintech Meliuz has announced a major move into cryptocurrency by launching a share offering aimed at raising funds to purchase bitcoin. The company is looking to raise 150 million reais or around $26.45 million through the primary distribution of over 17 million common shares. The share pricing is set for June 12.

The offering could expand by up to 200% depending on investor demand signaling strong confidence in crypto assets. Meliuz’s bold step highlights growing institutional interest in digital currencies and reflects a broader trend of fintechs embracing blockchain-based investments. The move is expected to boost the company’s innovation and align with global shifts toward decentralized finance.

Reuters