Méliuz increases its holdings of Bitcoin by 28.6 million dollars, becoming the largest publicly listed company with Bitcoin holdings in Latin America.

According to Gate News bot and CoinDesk, Brazilian fintech company Méliuz (CASH3), which serves over 30 million users in the country, has become the largest Bitcoin listed company holder in Latin America.

The company announced on Monday that after a recent stock issuance, it purchased 275.43 Bitcoins for $28.61 million, bringing its total holdings to 595.67 Bitcoins.

The company stated that the average purchase price of these Bitcoins was $102,702.84 each, which ranks Méliuz as the 36th largest publicly traded company holding the cryptocurrency globally.

The company's reported Bitcoin return is 908%. This figure is used to track its earnings per share in Bitcoin, typically used for betting on companies focused on Bitcoin-related assets, although different companies may track returns in varying ways.

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