- OranjeBTC explores share buybacks to boost Bitcoin per share value amid price drop.
- Méliuz strengthens Brazil’s crypto lead with $28.4M Bitcoin purchase and stock surge.
- Global firms expand digital treasuries as Strategy’s Bitcoin model drives adoption.
OranjeBTC announced that it is assessing strategic options for its capital allocation plan, including a possible share repurchase program. The company stated that any decision will be guided by its commitment to maximizing the number of Bitcoin per share (BTC/Share) for investors.
According to its statement, OranjeBTC will weigh opportunities such as direct Bitcoin acquisitions or repurchasing its own shares from the market as a way to optimize shareholder value.
The move comes as Bitcoin trades at $108,983.88, down 7.23% in the past 24 hours. By reducing the number of outstanding shares, OranjeBTC could increase the exposure of each share to Bitcoin holdings, a method several crypto-treasury companies have adopted to align their equity value with the performance of the cryptocurrency.
Competition Rises in South America’s Bitcoin Treasury Space
OranjeBTC’s strategic review follows a similar shift among other publicly listed firms turning to Bitcoin as a balance-sheet asset. Its most direct regional competitor, Brazilian fintech company Méliuz, has declared itself South America’s first Bitcoin treasury company.
Méliuz, which trades on Brazil’s B3 stock exchange under the ticker CASH3, purchased 274.52 BTC for approximately $28.4 million earlier this year, averaging $101,700 per coin. The announcement led to a rise in its stock price as investors responded to its new crypto-treasury positioning.
Brazil remains the largest digital-asset market in Latin America and hosts the region’s highest number of cryptocurrency exchange-traded funds (ETFs). The country’s rapid adoption of digital assets has made it a focal point for fintech and blockchain-oriented enterprises seeking to diversify their capital strategies.
Bitcoin Treasuries Gain Global Traction
The corporate model of holding Bitcoin as a reserve asset was popularized in 2020 by American software firm Strategy, formerly MicroStrategy. The company currently holds 640,808 BTC, valued at roughly $70.5 billion based on the prevailing market price. Its equity value has increased more than 1,400% in five years, inspiring other listed companies to pursue similar strategies.
Other firms following this approach include Japan’s Metaplanet, which holds the fourth-largest Bitcoin treasury globally, and U.S. entities such as BitMine Immersion and SharpLink Gaming, which maintain significant Ethereum reserves.
