Meliuz’s Expansion into U.S. Markets
In a significant move for its expansion, Meliuz, known as the first Bitcoin treasury firm in Latin America, is nearing completion of its stock listing on U.S. exchanges. Israel Salmen, the company’s CEO, shared the update via social media on Friday, indicating that Meliuz is poised to enter the OTCQX Market without the issuance of new shares or fundraising efforts, a strategy that distinguishes this endeavor.
Strategic Listing and Compliance
Salmen noted that the listing could facilitate trading within four weeks under a U.S. dollar-denominated ticker that will be unveiled soon. This strategic step comes as Meliuz seeks to broaden its reach among U.S. investors, thereby enhancing its global presence. To qualify for the U.S. market entrance, Meliuz had to adhere to stringent financial criteria, ensure strong corporate governance, and comply with U.S. securities regulations.
Successful Transformation and Market Response
Since shifting to focus on cryptocurrency, Meliuz has amassed nearly 600 BTC in its treasury since May, marking a successful transformation in its business model. With an average acquisition price of approximately $103,864.38 per BTC, the company appears to be thriving, bolstered by its recent investments. Following the announcement, Meliuz’s stock experienced a nearly 10% increase, a sign of investor optimism regarding the reception of Meliuz by the U.S. market amidst parallel developments in the crypto space by other firms.
Future Prospects
As it stands, Meliuz is positioned to become a key player in cryptocurrency management within an evolving financial landscape, aiming to enhance its visibility and attract investment from a new demographic of clientele by making its offerings accessible to U.S. investors, alongside other market entrants.
