"OranjeBTC, founded by former Bridgewater Associates executive Guilherme Gomes, will list on B3 in early October carrying 3,650 BTC on its balance sheet - worth more than $410 million. That instantly puts Oranje in the global top tier of corporate bitcoin treasuries. By comparison, Brazilian fintech Méliuz, which followed Strategy's model last year, holds just 650 BTC. Oranje is nearly six times larger out of the gate, according to Brazil Journal."
"Backing for the company has also come from across the global Bitcoin ecosystem. Investors include the Winklevoss twins, Blockstream's Adam Back, FalconX, Mexican billionaire Ricardo Salinas, and U.S. funds Off the Chain Capital and ParaFi Capital. It's a roster designed to project both credibility and conviction. The mechanics of the listing will follow a reverse IPO, with Oranje merging into Intergraus, already listed on B3."
OranjeBTC will list on B3 in early October holding 3,650 BTC on its balance sheet, valued at more than $410 million. Guilherme Gomes founded OranjeBTC and intends to accumulate the largest possible bitcoin balance as a long-term strategic reserve. Itaú BBA's investment arm advised on a $210 million deal to establish the company's Bitcoin holdings. Oranje's treasury immediately surpasses Brazilian fintech Méliuz, which holds 650 BTC. The company follows Michael Saylor's playbook, includes Eric Weiss on its board, attracted prominent Bitcoin investors, and will list via a reverse IPO by merging into Intergraus.
Read at Bitcoin Magazine
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