Brazilian listed company M é liuz plans to purchase another $26.5 million worth of Bitcoin

According to Cryptonews, Brazilian listed payment company M é liuz plans to purchase an additional $26.5 million worth of Bitcoin as part of its newly formulated capital reserve strategy. The company made its first purchase of 274.52 BTC (approximately $28.5 million) earlier this month and currently holds 320.2 BTC. M é liuz stated that it plans to raise at least 150 million reais (approximately $26.5 million) through the issuance of stocks or convertible bonds, and is working with investment bank BTG Pactual to advance the financing plan. CEO Israel Salman stated that the specific plan may include publicly issuing common stock or issuing convertible/non convertible debt securities, and the final amount may be adjusted based on market opportunities, but it needs to be evaluated before implementation.