Brazil's largest bitcoin reserve company, OranjeBTC, has bought back 99,600 of its own shares at a cost of around $220,000 (1.12 million reais) and announced it will delay plans to buy additional bitcoins. The company currently holds 3,708 bitcoins, worth around $409 million. The move is to close the gap between its market price and the net asset value (NAV) of bitcoin.
OranjeBTC joins a wave of digital asset reserve companies that are supporting their share prices through buybacks, including ETHZilla, Metaplanet, Sequans, and Empery Digital.
Brazilian bitcoin reserve company OranjeBTC joins the repurchase trend, suspending its BTC purchase plan
2025-10-31 14:18:17
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