
Brazilian company Méliuz has become the first in Latin America to adopt a Bitcoin treasury strategy, acquiring 320.2 BTC valued at approximately $33.8 million at an average price of $101,700 per Bitcoin. Méliuz recently announced a capital raise of R$150 million (around $26 million) to purchase more Bitcoin, reflecting a growing trend of corporate treasuries investing in the cryptocurrency. This move has sparked discussions about potential impacts on stock prices in the region. Meanwhile, in Japan, Metaplanet, a company often referred to as Japan's equivalent of MicroStrategy, has experienced a dramatic surge in its stock price, rising over 4,800% despite being the most shorted stock in the country. The stock has been halted multiple times on the Japanese exchange due to rapid price spikes, while OTC markets remain open but less liquid. Metaplanet's CEO Simon Gerovich warned that betting against the company is akin to betting against Bitcoin, suggesting a possible short squeeze. The situation has drawn comparisons to the GameStop short squeeze, with Metaplanet's stock described as going parabolic amid strong bullish sentiment on Bitcoin treasuries. Méliuz has also reported a profit of R$14 million linked to Bitcoin's price increase.
















