Brazil’s OranjeBTC Goes Public, Boosts LATAM Bitcoin Push
Brazil made history today as OranjeBTC, a company focused on Bitcoin, went public on the B3 stock exchange. Founded by Guilherme Gomes, a former executive at Bridgewater Associates, OranjeBTC began trading on the São Paulo-based exchange, marking a significant milestone in Latin America’s capital markets.
With the backing of prominent figures in the global crypto industry, OranjeBTC made a splash by holding 3,675 BTC, instantly becoming the region’s largest corporate Bitcoin holder. This move puts the company’s Bitcoin holdings at over $444 million at current prices, surpassing the holdings of other Brazilian fintech companies like Méliuz.
OranjeBTC’s strategy mirrors that of companies like Strategy in the United States, where they issue convertible debt, raise capital, and invest in Bitcoin. Earlier this year, the company secured a $210 million investment from Brazil’s largest bank, Itaú, through its investment arm Itaú BBA. This investment solidified Bitcoin as a long-term strategic asset for OranjeBTC.
In addition to their financial strategy, OranjeBTC is also focused on education. The company is launching an educational platform to teach shareholders and institutional investors about Bitcoin’s monetary properties. This initiative aims to be a “learning layer” for Brazil’s future savers, helping them understand the role of tangible assets and how Bitcoin works.
The mechanics of OranjeBTC’s listing involve a reverse IPO, with the company merging into Intergraus, an already listed company on B3. After the transaction, approximately 85% of shares will be in free float, providing both institutional and retail investors with direct exposure to a company whose primary focus is on Bitcoin accumulation.
Overall, OranjeBTC’s entrance into the public markets marks a significant moment for Brazil and Latin America as a whole. With a strong focus on Bitcoin and education, the company is poised to make a lasting impact on the region’s financial landscape.
