Bitcoin.com News
Bitcoin.com News|Mar 11, 2025 19:52
🚀 Exciting news from Brazil! 🇧🇷 Meliuz, a cashback company, has become the first in the country to invest part of its reserves into bitcoin, purchasing over 4 million worth! 💰 Following Michael Saylor's Strategy moves, Meliuz will allocate 10% of its free cash flow to build a bitcoin treasury. Founder Israel Salmen explained that this move aims to improve cash flow amid high taxes and inflation concerns. 📈 While the market reacted positively, with Meliuz's stock rising over 15%, analysts warn of potential risks. They question whether this cash policy aligns with the company's core objectives. 🤔 Salmen reassures that the 10% allocation won't hinder operations, emphasizing a long-term investment approach. "We have no target or deadline to hold," he stated. What do you think about companies in emerging markets embracing bitcoin? Let us know your thoughts! 💬
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