Bitcoin (BTC) education and finance company OranjeBTC made its debut on the Brazilian stock exchange with the symbol OBTC3, quickly gaining hegemony as Latin America’s biggest asset, quickly overtaking Merius (CASH3), a pioneering digital currency-based financial market competitor.
OranjeBTC’s entry into Brazil’s oldest stock exchange will be made through an opening auction this Tuesday, October 7th. Unprecedented Stock Market Events.
The move redefines the state of Bitcoin investment in the region and establishes new benchmarks for the strategic accumulation of digital assets. Previously, Méliuz appeared as a pioneer of this type of movement in Brazil, but the size of OranjeBTC has fundamentally changed the scenario, pushing Brazilian exchanges to the forefront of decentralized finance on the continent.
OranjeBTC’s listing began with the issuance of 155,226,000 common stock (ON); A treasure trove of 3,675 units of Bitcoin, Based on recent estimates, it is valued at around $456 million.
The structure, detailed in a document filed with the Securities Commission (CVM), includes interest-free convertible bonds of 128.16 billion Brazilian reals (approximately $24 million), which will expand capital to up to 6,966,760 new shares, allowing investors to control dilution and improve liquidity.
OranjeBTC’s strategy meets the growing demand for safe assets amid global volatility.
Gui Gomes, founder and CEO of OranjeBTC, highlighted the company’s strong strategy, saying, “We will always buy Bitcoin with consistent and transparent standards. We will not provide any guidance in this regard,” aligning OranjeBTC’s vision with the vision of giants like Strategy, pursuing a massive BTC accumulation.
Last month, OranjeBTC became the publicly known company that owns the largest Bitcoin safe in Latin America, according to a report by CriptoNoticias.
The entry into the stock market will strengthen the global trend of Bitcoin being adopted by institutional investors, mimicking the strategic moves seen in more advanced markets. This early debut Strengthen Brazil as a central core of financial innovation Capitalization of digital assets within the region.
(Tag Translation)Bitcoin (BTC)
