Catenaa, Saturday, November 08, 2025- Brazilian Bitcoin treasury OranjeBTC has paused buying Bitcoin and is instead repurchasing its own shares, the company announced Thursday, just three weeks after listing on the B3 stock exchange.
The firm currently holds 3,708 BTC, valued at roughly $408.3 million.
The shift comes as Bitcoin trades around $109,834, approximately 13% below its all-time high of $126,080 set earlier this month.
OranjeBTC said it will continue evaluating capital allocation to maximize Bitcoin per share, either through direct BTC purchases or share buybacks when stock trades below net asset value.
The move is aimed at increasing shareholder value by reducing the number of shares available on the market. Some analysts caution that repurchasing shares could be used to support stock prices amid market volatility.
OranjeBTC competes with Brazilian fintech Méliuz, which earlier this year branded itself as the region’s first Bitcoin treasury company after spending $28.4 million on Bitcoin. Méliuz’s stock soared following its purchases.
OranjeBTC follows the strategy pioneered by U.S.-listed companies such as MicroStrategy, which has amassed over 640,000 BTC worth $70.5 billion, with its stock gaining more than 1,400% over five years.
Several other companies, including mining firms and online platforms, are adopting treasury models for Bitcoin and other digital assets.
Brazil, Latin America’s largest economy, leads the region in digital asset markets and crypto ETFs. Experts say corporate Bitcoin treasuries offer investors exposure to crypto without the risks of individual custody. OranjeBTC’s decision underscores the interplay between asset price, corporate strategy, and investor sentiment in volatile markets.
