- OranjeBTC will list on Brazil’s B3 via reverse merger with Intergraus, offering 85% free float for investors.
- The company holds 3,650 BTC worth over $410M, six times more than Brazilian fintech Méliuz’s Bitcoin reserves.
- Backers include Winklevoss twins, Adam Back, Ricardo Salinas, and U.S. funds Off the Chain and ParaFi Capital.
OranjeBTC, a Brazilian firm dedicated solely to Bitcoin accumulation, will soon debut on São Paulo’s B3 stock exchange. The company confirmed plans to go public in early October through a reverse merger with Intergraus, a prep-course provider already listed.
With 3,650 BTC on its balance sheet, valued at over $410 million, OranjeBTC instantly becomes one of the largest corporate Bitcoin holders worldwide. According to Brazil Journal, the listing provides Latin American investors with a new way to gain Bitcoin exposure through traditional market channels.
A Bitcoin-Only Model for Public Markets
Founded by Guilherme Gomes, a former Bridgewater Associates executive, OranjeBTC departs from conventional business models. Its single objective is building a large Bitcoin treasury. Gomes described the company as the first in
Latin America fully focused on Bitcoin, aiming to create a scalable vehicle for institutional access. By comparison, Brazilian fintech Méliuz holds just 650 BTC, nearly six times less than OranjeBTC.
Earlier this year, Itaú BBA’s investment arm advised the company on a $210 million transaction to strengthen its Bitcoin holdings. The strategy reflects a growing adoption of treasuries centered on digital assets, following patterns previously seen in U.S. markets.
Global Backing and Industry Connections
OranjeBTC has received funding from high-profile investors across the global crypto sector. Supporters include Cameron and Tyler Winklevoss, Blockstream’s Adam Back, FalconX, and Mexican billionaire Ricardo Salinas.
Additionally, U.S. asset managers Off the Chain Capital and ParaFi Capital joined its early funding round. Notably, Eric Weiss, an early adviser to MicroStrategy founder Michael Saylor, serves on OranjeBTC’s board.
The company’s model is often compared to MicroStrategy, which grew into the world’s largest corporate Bitcoin holder. This alignment suggests that Brazil’s market is now seeing similar treasury structures emerge with strong international backing.
Reverse Merger and Market Access
The mechanics of OranjeBTC’s public entry involve a reverse IPO. Through this, it will merge with Intergraus and assume its listing on B3. Once completed, about 85% of shares will be in free float, allowing institutional and retail investors access to Bitcoin-focused equity.
Brazil’s stock exchange has already shown openness to digital assets. In 2022, B3 introduced Bitcoin futures and explored custody services. OranjeBTC’s listing expands that trajectory by adding a company structured entirely around Bitcoin accumulation.
Despite short-term volatility, OranjeBTC maintains its holdings strategy while preparing for its market debut in October.
