December 18, 2025

Priced at Zero: How Brazil’s Méliuz Turned to Bitcoin to Escape a Treasury Trap

When Brazilian fintech firm Méliuz (CASH3) reviewed its balance sheet in late 2024, it found something startling: it was profitable, debt-free, and growing, yet the market had valued its business at zero.“If you excluded the cash on hand,” Diego Kolling, …

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