2 hours ago
Bitcoin-focused Latin American institution OranjeBTC is acceptable to spell nationalist connected Brazil’s B3 speech successful aboriginal October with much than $400 cardinal successful BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm.
The move, confirmed by section quality outlet Brazil Journal and astatine Mercado Bitcoin’s DAC 2025 conference, volition spot it spell nationalist via a reverse merger with Intergraus, a prep-course supplier already listed connected the exchange. Once the transaction closes, Oranje volition presume Intergraus’ nationalist listing with a astir 85% escaped float.
Oranje holds 3,650 bitcoin, astir six times more than Brazilian fintech Méliuz, the lone different large publicly-traded bitcoin treasury steadfast successful the country. The sum would fertile Oranje among the apical 25 firm bitcoin holders globally, and the institution aims to grow that reserve aggressively, according to section media.
Backing the task are high-profile crypto investors including Cameron and Tyler Winklevoss, bitcoin pioneer Adam Back, trading level FalconX, and Mexican billionaire Ricardo Salinas Pliego. Institutional players similar Off the Chain Capital and ParaFi Capital besides participated successful the archetypal round, the study added.
Alongside its treasury play, Oranje plans to motorboat a fiscal acquisition level focused connected bitcoin and crypto, utilizing Intergraus’ existing infrastructure.
English (US) 