Brazilian Bitcoin reserve company OranjeBTC joins the buyback trend, suspending its BTC purchase plan.
OranjeBTC, the largest Bitcoin reserve company in Brazil, has repurchased 99,600 shares of its own stock, costing approximately $220,000 (1.12 million reais), and announced a delay in additional Bitcoin purchase plans. The company currently holds 3,708 bitcoins, worth approximately $409 million. This move is aimed at narrowing the gap between its market price and the net asset value (NAV) of Bitcoin. OranjeBTC has joined a wave of digital asset reserve companies supporting their stock prices through buybacks, including ETHZilla, Metaplanet, Sequans, and Empery Digital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Steak 'n Shake creates strategic Bitcoin reserve
PENGU's $0.017 Turning Point: Major Trends Decide Whether It Falls or Recovers
- PENGU nears critical $0.017 support amid broad market selloff, with breakouts signaling further declines or rebounds. - Fed's high-rate signals and geopolitical tensions drive volatility, worsening crypto and energy sector losses including BNB and WTI. - Mixed equity earnings (e.g., ResMed) fail to offset macro risks, while Public Service faces valuation concerns ahead of Q3 report. - Technical levels and macroeconomic factors will determine PENGU's trajectory, reflecting interconnected global market dyn
Chainlink Faces $25 Barrier: Institutional Interest Meets Technical Skepticism
- Chainlink's CCIP protocol drives institutional adoption through real estate tokenization (Balcony) and gold-backed stablecoin (Streamex) partnerships, enhancing RWA transparency and cross-chain interoperability. - EURAU stablecoin's multi-chain expansion via CCIP, backed by Deutsche Bank, positions Chainlink as a euro-centric alternative to dollar-dominated stablecoins with zero-slippage transfers. - Technical analysis suggests $25 price target if $19.16 resistance breaks, but bearish indicators like a d
Bitcoin Surges as Altcoins Show Mixed Performance: Top Winners and Losers
In Brief Bitcoin pushes towards $111,000 as altcoins turn green from red. Top performers include VIRTUAL and ZEC with over 50% weekly gains. PUMP Coin poised for recovery due to potential Bitcoin price surge.
