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Meliuz, a well-known Brazilian cashback and digital services company, is taking a new step in its Bitcoin journey. The firm has revealed an innovative options-based strategy to maximize the performance of its treasury reserves. By using derivatives tied to Bitcoin’s price, Meliuz aims to steadily accumulate more BTC while reducing risk exposure.
This approach comes as the company looks to strengthen its financial position and align with its long-term goal of building a strategic Bitcoin reserve.
A Low-Risk Strategy to Acquire More Bitcoin
Meliuz has already positioned itself as a pioneer in Latin America by establishing a Bitcoin reserve within its treasury. The company currently holds more than 600 BTC and intends to expand this stash through an options-based approach.
According to reports, Meliuz will begin selling put options with pre-defined strike prices. For instance, if the company sets the strike price at $95,000 per Bitcoin and the market trades above that level, Meliuz keeps the premium from the options contract. However, if Bitcoin’s price falls below the strike price, Meliuz would be obligated to purchase more BTC at that rate.
From the company’s perspective, this is not a drawback. Since the ultimate goal is to increase Bitcoin holdings, buying BTC at potentially discounted prices still aligns with its long-term vision.
Using Reserved Cash for Strategic Accumulation
The company explained that these options contracts will be backed by less than 10% of its operational cash reserves, ensuring that risks remain limited. In the event of a price drop, Meliuz will use these reserves to acquire more Bitcoin at levels it considers attractive.
This deliberate approach gives Meliuz two potential benefits:
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Steady Yield Generation: By selling options, the company earns premiums when Bitcoin remains above the strike price.
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Strategic Accumulation: If the price dips, Meliuz increases its holdings at lower levels, further expanding its treasury.
The company has emphasized that this plan reflects its broader Bitcoin accumulation strategy rather than a short-term speculative bet.
Partnership Support for Options Operations
Meliuz confirmed that it has secured partnerships with specialized institutions to ensure the success of its options-based strategy. While it did not disclose the names of these partners, the company stated that these organizations bring experience and technical expertise in managing derivatives.
By working with financial specialists, Meliuz reduces potential risks and improves the efficiency of its new treasury strategy.
Transparency Through Quarterly Reports
To maintain trust with investors and stakeholders, Meliuz will include the results of its Bitcoin options activities in its quarterly financial reports. This ensures transparency and provides insight into how the strategy contributes to its long-term growth.
Such disclosure also aligns with broader corporate governance standards, helping reassure both investors and regulators about the sustainability of this approach.
Expanding Beyond Cashback Services
While Meliuz is primarily known as a cashback and digital services provider, it has been steadily diversifying its business model. The integration of Bitcoin into its operations represents a significant step in that direction.
Diego Kolling, head of Bitcoin Strategy at Meliuz, has hinted at even more possibilities for the company’s future. He noted that firms deploying their Bitcoin into the Lightning Network could potentially generate returns of up to 25% annually.
This suggests that Meliuz may eventually go beyond options trading and explore advanced Bitcoin-based financial services.
What This Means for the Bitcoin Market
The decision by Meliuz to adopt an options-based strategy highlights a growing trend of companies actively managing their Bitcoin treasuries. Instead of simply holding BTC, firms are experimenting with structured financial tools to generate additional revenue and optimize reserves.
For the broader crypto market, Meliuz’s move signals rising institutional sophistication. As more companies integrate Bitcoin into their balance sheets, innovative treasury management practices could become the norm.
Moreover, strategies like these may encourage other Latin American firms to explore Bitcoin not just as a speculative asset but as part of their long-term corporate strategy.
Conclusion: A Strategic Bet on Bitcoin’s Future
Meliuz’s new Bitcoin options plan demonstrates a balance between caution and ambition. By leveraging derivatives, the company can earn steady yields while ensuring that any forced purchases of BTC remain aligned with its goal of accumulation.
Backed by specialized partners and safeguarded by careful risk management, the strategy could give Meliuz a competitive advantage in treasury management. With transparency ensured through quarterly disclosures and potential expansion into Bitcoin’s Lightning Network, the company is positioning itself as a forward-thinking player in the crypto economy.
As Bitcoin adoption deepens in Latin America and beyond, Meliuz’s example may inspire other firms to consider similar strategies — not just to hold Bitcoin, but to actively grow their reserves in innovative and sustainable ways.




