Winklevoss-Backed OranjeBTC Prepares for Listing with $420 Million in BTC
OranjeBTC is set to make waves on Brazil’s B3, backed by 3,650 Bitcoin and prominent investors like the Winklevoss twins. This venture offers local investors a regulated channel to engage with the fluctuations of Bitcoin.
Summary
- OranjeBTC, with support from the Winklevoss twins, plans to list on Brazil’s B3 through a reverse merger with Intergraus.
- The company enters the exchange holding 3,650 BTC, providing investors with regulated access to Bitcoin.
- Founder Guilherme Gomes indicates that this strategy aims to bolster reserves while enhancing crypto accessibility in Brazil.
On October 1, reports from Reuters indicated that OranjeBTC will commence trading on São Paulo’s B3 exchange in the coming week through a reverse merger with Intergraus, an already listed education entity.
Guilherme Gomes, the founder of OranjeBTC, confirmed the firm’s substantial Bitcoin (BTC) assets, exceeding $420 million, and highlighted the backing from notable crypto figures such as Gemini’s Cameron and Tyler Winklevoss, Bitcoin innovator Adam Back, and Mexican billionaire Ricardo Salinas.
Why OranjeBTC is fully committing to Bitcoin
Gomes expressed that the intention behind entering B3 is to provide Brazilian investors with regulated access to Bitcoin, while also gradually increasing the firm’s reserves. Investors restricted from directly holding the asset can still obtain exposure via a listed company like OranjeBTC.
Beyond Bitcoin acquisition, the company is launching an initiative focused on education. OranjeBTC intends to utilize the established framework of Intergraus, the education subsidiary it recently acquired, to create a specialized financial education platform.
With this strategic move, OranjeBTC is entering the global arena, navigating alongside a select number of bold corporate adopters. Holding 3,650 BTC positions the organization uniquely, operating at a level that, while smaller than giants like Strategy with their 640,031 BTC, secures its spot among the leading public corporate holders globally, surpassing recognized entities like Hive Digital and Bitdeer.