OranjeBTC, Latin America’s largest corporate Bitcoin treasury company, has disclosed a new Bitcoin acquisition and share buyback, reinforcing its commitment to a dual capital allocation strategy that mirrors approaches used by firms like Strategy in the United States.
The São Paulo-listed company — trading under ticker OBTC3 on the B3 exchange and as ADR ticker ORNJY in international markets — purchased 20 $BTC for a total of ~$1.506 million, at an average price of ~$75,346 per Bitcoin. During the same period, the company repurchased 289,100 OBTC3 shares, a move that increases Bitcoin exposure on a per-share basis for remaining shareholders.
OranjeBTC now holds a total of 3,762.0 $BTC, the company says, accumulated for ~$395.33 million at an average cost basis of ~$105,085 per coin. The acquisition price of ~$75,346 per Bitcoin on this latest purchase sits well below the company’s average cost, a development that adds coins to the treasury at a discount to the historical average entry point.
bitcoinmagazine.com