Brazilian Bitcoin investment firm OranjeBTC is set to become the largest publicly-traded Bitcoin treasury operator in Brazil, via a listing on the country’s main stock exchange, B3. The plans to go public should materialize by early October 2025, said Guilherme Gomes, the creator and CEO of Oranje, while speaking to the Brazil Journal.
The route to the public listing is a reverse IPO (or reverse merger) through Bioma Educação S.A., whose subsidiary will facilitate the share transfer required for Oranje to begin trading on B3. Regulatory approval from Brazil’s securities regulator, the CVM, has been secured, enabling Oranje’s strategic shift to focus heavily on Bitcoin accumulation and transparency in its treasury operations.
Building Brazil’s Bitcoin treasury
The company also purchased 3,650 BTC for ~$385 million at an average price of ~$105,300 per Bitcoin, which positions it ahead of other Brazilian firms in terms of scale of Bitcoin holdings. OranjeBTC was created by Brazilian entrepreneurs with an ambition to use Bitcoin as a store of value.
The company was started by Guilherme Gomes, who earlier worked at Bridgewater Associates. It brought in major global crypto investors, including Cameron and Tyler Winklevoss, founders of Facebook and Gemini, bitcoin pioneer Adam Back, Mexican entrepreneur Ricardo Salinas, and crypto exchange FalconX are among the few investors on the cap table.
Oranje has been wanting to accumulate Bitcoin for some time now. An earlier report suggested that it aimed to invest more than $200 million in Bitcoin. The company is also preparing to launch a financial education platform focused on Bitcoin and crypto, enhancing its offering beyond just holding Bitcoin. After amassing a significant number of Bitcoins, Oranje is now leading the race among other Brazilian public companies like Méliuz, which have been building a Bitcoin treasury for some time now.