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OranjeBTC to Become Brazil’s Largest Publicly-Traded Bitcoin Treasury Firm With B3 Listing
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin-focused Latin American company OranjeBTC is set to go public on Brazil’s B3 exchange in early October with more than $400 million in BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm.
Once the transaction closes, Oranje will assume Intergraus’ public listing with a roughly 85% free float.
Oranje holds 3,650 bitcoin, roughly six times more than Brazilian fintech Méliuz, the only other major publicly-traded bitcoin treasury firm in the country.
Backing the venture are high-profile crypto investors including Cameron and Tyler Winklevoss, bitcoin pioneer Adam Back, trading platform FalconX, and Mexican billionaire Ricardo Salinas Pliego.
Alongside its treasury play, Oranje plans to launch a financial education platform focused on bitcoin and crypto, using Intergraus’ existing infrastructure.
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