Startups from all over the world are rushing to follow the bitcoin treasury company trend, and OranjeBTC is on the verge of pioneering the movement in Brazil. Even when Meliuz, a Brazilian cashback company, surged as the first national company to promote a bitcoin reserve shift, OranjeBTC is a firm whose main focus will be to amass bitcoin reserves and generate revenue through them.

OranjeBTC, which already holds 3,650 BTC as part of its initial bitcoin cache, recently announced that it will start trading on B3, the main Brazilian stock exchange, on October 7th. Previously, it had revealed that it would achieve this milestone by leveraging the reverse Initial Public Offering (IPO) figure with Intergraus, a school chain company, trading with the OBTC3 ticker.

Analysts remark that this IPO will be relevant to determine the actual demand for a local bitcoin-only business in a market that already has a presence of foreign BTC-linked investment options. Meliuz’s stock prices rose on the news of its bitcoin pivot back in May, but even after announcing good results, it has failed to rise to those levels again.

Guilherme Gomes, CEO of OranjeBTC and a former Bridgewater Associates executive, believes that the company can serve as a conduit for investors to proxy into bitcoin through stock, an idea that could be useful for some. “ Bitcoin will change financial systems as we know it, and will reshape markets. Our main focus is bitcoin at the highest level,” he stressed.

OranjeBTC invested nearly $385 million in BTC with the backing of Gemini’s Cameron and Tyler Winklevoss, bitcoiner Adam Back, FalconX, and Mexican millionaire Ricardo Salinas. The latest bitcoin rise has already put it in green numbers.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。