Brazil-based cashback and fintech company Méliuz (CASH3) has just acquired 275.43 BTC, worth approximately R$158.3 million (~US$28 million), in a bold move to strengthen its Bitcoin treasury strategy.

This purchase brings Méliuz’s total holdings to 596.67 BTC, making it the largest public Bitcoin holder in Latin America and ranking #36 globally among publicly listed companies.

The company stated that the acquisition is part of its long-term strategy to preserve capital and align with the new financial paradigm emerging around Bitcoin and blockchain technology.

“We believe Bitcoin represents a solid, scarce, and global digital asset, aligned with our vision for the future of finance,” the company noted in an investor statement.

Méliuz joins a growing cohort of global firms holding BTC on their balance sheets, following in the footsteps of giants like MicroStrategy, Tesla, and Block.