According to online reports, Méliuz, a company listed on Brazil's B3 exchange, announced plans to raise 150 million reais (approximately US$26.5 million) to purchase Bitcoin, which will further expand its Bitcoin treasury strategy. The company has entrusted investment bank BTG Pactual to coordinate the financing, which may be through a stock issue, convertible debt or a public offering. Méliuz spent approximately US$28.5 million to purchase 274.52 bitcoins earlier this month and currently holds 320.2 bitcoins, becoming Brazil's first listed Bitcoin Treasury company. The company said it will adjust its purchase plan based on market opportunities and promised to keep shareholders informed of the latest progress in a timely manner.