Brazilian Bitcoin Treasury OranjeBTC Buys Back Stock Instead of BTC

OranjeBTC, the publicly traded Brazilian Bitcoin treasury that started trading on the B3 stock market on October 7, 2025, has announced a halt on its Bitcoin purchases, instead opting to buy back its own shares. Holding 3,708 BTC valued at approximately $408.3 million, OranjeBTC aims to increase shareholder value by reducing the supply of its own stock. This decision comes as the price of Bitcoin remains 13% below its all-time high of $126,080. The company emphasized that it will evaluate capital allocation opportunities carefully, focusing on maximizing its Bitcoin per share metric. The buyback strategy has raised some concerns among investors about its potential to artificially boost stock prices during a downturn. OranjeBTC competes with other firms in the Bitcoin treasury space, including fintech company Méliuz, which made headlines earlier in the year for purchasing substantial amounts of Bitcoin. The Brazilian market continues to be a significant player in the digital asset space, holding a prominent position with various crypto ETFs available to investors.

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