TLDR
- OranjeBTC’s Bitcoin holdings now exceed 3,690 BTC valued at $389M.
- The company raised $210M from Itaú, strengthening its strategic asset position.
- OranjeBTC aims to educate Latin Americans on Bitcoin’s monetary properties.
- Following its B3 listing, OranjeBTC is now the largest Bitcoin holder in Brazil.
Brazil-based OranjeBTC has increased its Bitcoin holdings by purchasing 16 BTC for around $1.94 million. This move comes shortly after the company’s listing on the São Paulo-based exchange B3. With its latest acquisition, OranjeBTC’s total Bitcoin reserves now exceed 3,690 BTC, solidifying its position as Latin America’s largest corporate Bitcoin holder. This expansion reflects the company’s strategy of leveraging cryptocurrency in the region’s growing financial landscape.
Expanding Bitcoin Reserves
OranjeBTC’s latest purchase of 16 BTC brings its total Bitcoin holdings to 3,691 BTC, acquired for a total cost of approximately $389 million. This latest buy, at an average price of $121,058 per coin, increases its holdings by about 0.4%. The company’s strategy is clearly centered around Bitcoin as a long-term investment, with a cost basis of $105,412 per coin for the overall holding.
The recent Bitcoin purchase marks another step in OranjeBTC’s strategic plan for expansion. As a public company, it is focused on building Bitcoin reserves as its main asset. The company has become a key player in Brazil’s growing Bitcoin landscape. OranjeBTC’s decision to increase its holdings aligns with a broader trend of corporate investments into Bitcoin across Latin America.
OranjeBTC’s Position in Latin America
OranjeBTC is making significant strides in Latin America’s crypto sector. After listing on B3, the São Paulo-based stock exchange, it became the largest Bitcoin holder in the region. The company made waves when it merged with Intergraus, an already listed entity. Following this reverse IPO, about 85% of its shares are in free float, opening up more opportunities for institutional and retail investors to access Bitcoin through a corporate structure.
The company’s listing on B3 follows a pattern seen in other markets, where corporate players are positioning Bitcoin as a strategic financial asset. OranjeBTC’s model mirrors other large players, like Strategy in the U.S., who also employ strategies involving convertible debt and Bitcoin accumulation to secure long-term wealth.
Investment and Backing From Global Names
OranjeBTC’s journey into the public market was bolstered by major investments. The company secured $210 million from Itaú, Brazil’s largest bank, through its investment arm Itaú BBA. This financing round attracted global investors, including the Winklevoss twins, Ricardo Salinas, and Adam Back of Blockstream. These investors view OranjeBTC as an emerging leader in Latin America’s cryptocurrency space, positioning the company for continued growth.
The company also gained the support of key figures like Eric Weiss, a former Morgan Stanley banker and Bitcoin advocate, who joined the OranjeBTC board. The mix of institutional backing and international crypto expertise strengthens OranjeBTC’s position in the market.
Educational Efforts and Local Engagement
OranjeBTC is not only focused on accumulating Bitcoin but also on educating its investors. The company is launching an educational platform to help both individual and institutional investors understand Bitcoin’s potential. This initiative is part of the company’s broader vision to increase awareness and knowledge about digital assets in Brazil and the wider Latin American region.
“We want to be an information center and help Brazilians and Latin Americans understand what money is, the role of a tangible asset, and how Bitcoin works,” said OranjeBTC Founder Guilherme Gomes. The company aims to play a key role in educating the next generation of investors, aligning with the growing interest in digital assets across the region.
