PANews reported on May 22 that according to Cryptonews, Brazilian listed payment company Méliuz plans to purchase another $26.5 million worth of Bitcoin as part of its newly formulated capital reserve strategy. The company first purchased 274.52 BTC (about $28.5 million) earlier this month and currently holds 320.2 BTC.

Méliuz said it plans to raise at least 150 million reais (about 26.5 million U.S. dollars) by issuing shares or convertible bonds, and is working with investment bank BTG Pactual to advance the financing plan. CEO Israel Salmen said that the specific plan may include a public offering of common stock or the issuance of convertible/non-convertible debt securities, and the final amount may be adjusted depending on market opportunities, but it needs to be implemented after the evaluation is completed.