Key dealers
- Oranje, a Brazilian company, acquired $ 3,650 for $ 385 million to build strategic reserves for its public listing.
- Brazil is a leader in companies and retail crawling adoption in Latin America.
OranjebTC, a Brazilian Bitcoin Treasury Company, acquired $ 3,650 Bitcoin for $ 385 million today as part of its strategic reserve collection for a planned public listing.
The purchase reflects growing companies’ bitcoin adoption in Latin America, where Brazil leads with a large and rapidly expanding user base that actively deals with digital assets.
Oranje follows the Treasury model Pioneer by Strategy, which began large-scale Bitcoin purchases in 2020. That strategy has inspired a wave of bitcoin treasury companies globally.
The company’s Bitcoin adoption has accelerated worldwide, with over 190 listed companies that now hold BTC on their balance sheets as an inflation hedge.
Institutional holdings exceeds a collective 1.5 million BTC, valued at hundreds of billions at current prices, as companies seek exposure to the groundbreaking Cryptocurrency limited delivery dynamics.
