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Méliuz Ditches Brazilian Treasury for Bitcoin

Méliuz Ditches Brazilian Treasury for Bitcoin

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

Brazilian fintech firm Méliuz has made a bold move, adopting a bitcoin treasury strategy to escape the corrosive effects of Brazil's high interest rates and inflation. The company found its substantial cash reserves, primarily held in government bonds, were losing value after accounting for taxes and inflation, effectively being "confiscated." This led to a radical pivot towards Bitcoin as a means to preserve capital and achieve financial stability.

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