Brazilian Bitcoin reserve company OranjeBTC joins the buyback trend, suspending its BTC purchase plan.
OranjeBTC, the largest Bitcoin reserve company in Brazil, has repurchased 99,600 shares of its own stock, costing approximately $220,000 (1.12 million reais), and announced a delay in additional Bitcoin purchase plans. The company currently holds 3,708 bitcoins, worth approximately $409 million. This move is aimed at narrowing the gap between its market price and the net asset value (NAV) of Bitcoin. OranjeBTC has joined a wave of digital asset reserve companies supporting their stock prices through buybacks, including ETHZilla, Metaplanet, Sequans, and Empery Digital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor Says Strategy Won’t Pursue Bitcoin Treasury Acquisitions For Now
DeFi Fees Hit $20 Billion in 2025 as On-chain Applications Drive Explosive Growth
Ripple USD Gains Traction Among Global NGOs for Real-Time Humanitarian Aid
From $0.20 to $110,000: Bitcoin’s 17-Year Journey Since the Whitepaper
