Brazil witnessed something new today on its B3 stock exchange — a company going public not for its products, but for its Bitcoin.
OranjeBTC was founded in Brazil by Guilherme Gomes – a former Bridgewater Associates executive. began trading today on B3, the São Paulo–based exchange that anchors Latin America’s capital markets.
Back by some of the biggest names The company is now a public market participant in the global crypto markets holding 3.675 BTC made it the biggest corporate Bitcoin owner in the world. Its holdings, at current prices are valued at more than $444million.
Their haul dwarfs the 605 bitcoin held by fellow Brazilian fintech Méliuz, which last year became the country’s first listed firm to adopt a Bitcoin treasury strategy.
Strategy mirrors the company model playbook Issue convertible debt in the United States to raise capital buy Bitcoin.
OranjeBTC secured a $210 million investment from Brazil’s largest bank, Itaú, through its investment arm Itaú BBA, positioning its BTC reserves as a long-term strategic asset.
The financing round attracted a number of heavyweight investors, including Tyler and Cameron Winklevoss as well as FalconX and Adam Back from Blockstream.
Bitcoin for the future investor
Gomes, however, insists that OranjeBTC’s vision extends beyond the balance sheet. The company is launching an educational platform designed to teach shareholders and institutional investors about Bitcoin’s monetary properties — what it calls a “learning layer” For Brazil’s future generation of savers.
“We want to be an information center and help Brazilians and Latin Americans understand what money is, the role of a tangible asset, and how Bitcoin works,” Gomes told WIRED en Español in September.
List mechanics will follow OranjeBTC merges with Intergraus which is already listed on the B3.
After the transaction, about 85% of shares will be in free float—opening the door for both institutional and retail investors to gain direct exposure to a company whose only real product is bitcoin accumulation.
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Source: bitcoinmagazine.com
