OranjeBTC, equipped with a treasury of 3,650 Bitcoin, is making strides onto Brazil’s B3, bolstered by significant support from the Winklevoss twins among others. This initiative provides a regulated avenue for local investors interested in the original cryptocurrency’s unpredictable market.
Summary
- OranjeBTC, supported by the Winklevoss twins, is set to list on Brazil’s B3 through a reverse merger with Intergraus.
- The company enters the exchange holding 3,650 BTC, providing investors with a regulated means to invest in bitcoin.
- According to founder Guilherme Gomes, the objective is to enhance reserves while improving access to cryptocurrency in Brazil.
On Oct. 1, Reuters reported that the Brazilian bitcoin firm OranjeBTC will commence trading on São Paulo’s B3 exchange next week through a reverse merger with Intergraus, which is already listed on the market.
Founder Guilherme Gomes confirmed the company’s extensive Bitcoin (BTC) holdings, valued at over $420 million, along with support from a network of international crypto heavyweights, including Gemini co-founders Cameron and Tyler Winklevoss, Bitcoin pioneer Adam Back, and Mexican billionaire Ricardo Salinas.
Why OranjeBTC is betting everything on Bitcoin
The firm’s entire strategy, as articulated by founder Guilherme Gomes to Reuters, is based on the conviction that “Bitcoin will transform financial systems as we know them,” positioning OranjeBTC as a dedicated facilitator of this evolution.
Significantly, Gomes described the move onto B3 as a means to provide Brazilian investors with access to Bitcoin in a regulated setting while systematically growing the company’s reserves. Investors restricted by regulations from direct asset ownership can still obtain exposure through a publicly listed company like OranjeBTC.
In addition to accumulating Bitcoin, the company is also targeting the education sector. OranjeBTC plans to utilize the established framework of Intergraus, the educational subsidiary it acquired, to develop a specialized financial learning platform.
This initiative positions OranjeBTC on a global platform occupied by a few aggressive corporate stakeholders. Its reserve of 3,650 BTC situates the firm within a strategic niche, albeit at a smaller scale compared to leaders like Strategy and its formidable 640,031 BTC stash, while placing it among the top tier of the global top 30 public corporate holders, above notable names such as Hive Digital and Bitdeer.
