Bitcoin News Today: OranjeBTC Shifts to Share Buybacks to Maximize BTC Per Share

Brazilian Bitcoin Treasury Firm OranjeBTC Shifts to Share Buybacks to Boost Shareholder Value

Brazil's first publicly listed Bitcoin treasury firm, OranjeBTC (B3: OBTC3), has paused direct Bitcoin purchases to repurchase its own shares, a strategic move aimed at enhancing shareholder value amid a market slump. The company, which went public on October 7, 2025, executed a share buyback of 99,600 shares between October 27 and 30 at an average price of R$13.12, leveraging the fact that its shares were trading below its adjusted net asset value (mNAV), according to a CryptoTimes article. This decision aligns with its treasury policy of prioritizing Bitcoin per share over raw accumulation, a strategy it described as "disciplined execution" to optimize capital use.

OranjeBTC's Bitcoin holdings currently stand at 3,708 BTC, valued at approximately $390.9 million as of October 27, according to its latest treasury disclosure. The company added 7 BTC in the same period, bringing its total reserves to this level. However, instead of using cash to purchase additional Bitcoin, the firm opted to reduce its outstanding share base, increasing its year-to-date Bitcoin yield to 1.88%. Each share now represents roughly 2,279 satoshis, a metric the company emphasized as a key indicator of shareholder efficiency.

The shift in strategy comes as Bitcoin's price remains 13% below its all-time high of $126,080, trading at $109,834 as of October 31, according to Coinotag. OranjeBTC's shares, which debuted on B3's stock exchange, have been trading below their net asset value, prompting the firm to evaluate capital allocation opportunities. "The Company will continue to evaluate capital allocation opportunities in a disciplined manner, always prioritizing the maximization of Bitcoin per share (BTC/Share) for its shareholders," the firm stated in a public announcement, according to a Decrypt article.

Analysts note that OranjeBTC's approach mirrors broader trends in the Bitcoin treasury space, where companies like U.S.-based MicroStrategy have seen stock prices surge by leveraging share buybacks when equity is undervalued. OranjeBTC's move also positions it as a regional leader in Brazil's growing digital asset market, which boasts the most crypto ETFs in Latin America, a point highlighted in coverage of the company's actions. The firm competes with fintech Méliuz, another South American entity positioning itself as a Bitcoin treasury pioneer.

The company's decision has drawn attention to its balance sheet management. By repurchasing shares, OranjeBTC reduces its equity base, effectively concentrating Bitcoin exposure per share. This strategy, while distinct from direct Bitcoin accumulation, aims to enhance returns for investors who prefer indirect exposure to the cryptocurrency without the risks of custodial challenges.

OranjeBTC's actions also highlight the evolving role of traditional finance tools in managing Bitcoin assets. As a regulated, publicly traded entity, the firm provides a level of transparency uncommon among regional Bitcoin holders. Its recent share buyback, coupled with a blackout period on treasury operations ahead of third-quarter results in mid-November, underscores its commitment to disciplined capital management.