Brazil is seeing something new on its stock exchange: a company that is not published for its products but for its Bitcoin.
Oranjebtc, founded by former Bridgewater Associates Executive Guilherme Gomes, shows on B3 in early October with 3,650 BTC on its balance – worth more than $ 410 million.
It instantly puts Oranje in the global top level of corporate bitcoin treasuries. In comparison, the Brazilian Fintech Méliuz, who followed the strategy’s model last year, has only 650 BTC. Oranje is almost six times greater out of the gate, according to Brazil Journal.
The company is not shy about its intentions. “We bring to Latin America The first publicly traded company 100% focused on Bitcoin with the goal of accumulating the greatest possible Bitcoin balance,” Gomes said.
Earlier this year, Itaú BBA’s investment arm began to advise Oranjebtc on a $ 210 million agreement with the aim of establishing the company’s Bitcoin holdings as a long-term strategic reserve.
B3 is a stock exchange located in São Paulo, Brazil and the second oldest in the country. Back in 2022, Exchange launched Bitcoin futures within six months, while also exploring crypto -detention services.
Bitcoin -Admission in Brazil
Oranje’s arrival marks a direct import of PlayBook, pioneering the Michael Saylor strategy, which made a sleepy software company the largest bitcoin holder in the world with 640,000 BTC.
Saylor had a mentor in the early days: Eric Weiss, a former Morgan Stanley banker who is now sitting on Oranje’s board.
The back of the company has also come from all over the global Bitcoin ecosystem. Investors include Winklevoss Twins, Blockstream’s Adam Back, Falconx, Mexican billionaire Ricardo Salinas and US Funds from Chain Capital and Parafi Capital. It is a list designed to project both credibility and conviction.
The mechanics on the list will follow a reverse IPO, where Oranje merges to Intergraus already listed on B3.
After the transaction, approx. 85% of the shares are in free float – the door opens for both institutional and retail investors to get direct exposure to a company whose only real product is Bitcoin accumulation.
Bitcoin adoption in Latin America has mostly come from individuals, transfers and startups. Oranje separates itself as a pure state vehicle – built to scale, transparency and institutional capital.
By noting as a public company, it offers investors a traditional market sport for Bitcoin exposure. For Gomes, the opportunity is still open.
“Michael Saylor recently said that this investment model was effectively began last November,” he noted per. Brazil JournalL “We will soon see banks and insurance companies do the same. It’s the beginning of a new industry. Throughout Latin America, there is still no company 100% focused on this.”