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OranjeBTC Adds 16 Bitcoin Worth $1.94 Million to Holdings

Brazil-based OranjeBTC increases its Bitcoin reserves to 3,691 BTC after a $1.94 million purchase, aligning with its expansion on São Paulo’s B3 exchange as Latin America’s leading corporate Bitcoin holder.

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Summary

OranjeBTC has acquired 16 additional Bitcoin for approximately $1.94 million, averaging $121,058 per coin, bringing its total holdings to 3,691 BTC valued at around $389.07 million. The company, which began trading on São Paulo’s B3 exchange following a reverse IPO merger with Intergraus, is now Latin America’s largest corporate Bitcoin holder. Backed by Itaú BBA, the Winklevoss twins, Ricardo Salinas, FalconX, and Adam Back, OranjeBTC follows a strategy similar to the U.S.-based firm Strategy—raising capital through convertible debt to accumulate Bitcoin. OranjeBTC also launched a Bitcoin education platform to promote financial literacy across Brazil and Latin America.

Terms & Concepts
  • Reverse IPO: A process where a private company becomes publicly traded by merging with an already-listed entity.
  • Convertible Debt: A financing instrument that allows investors to convert debt into equity, often used by companies to raise capital without immediate dilution.
  • B3 Exchange: Brazil’s main stock exchange, located in São Paulo, serving as a key hub for Latin American capital markets.