OranjeBTC Buys Back Shares: A Masterclass in Financial Sorcery 🧙♂️💰

What a delightfully calculated maneuver, this “disciplined execution” of their treasury share policy, allowing them to acquire Bitcoin at a discount by shrinking the share base. How efficient! Prioritizing shareholder efficiency and NAV parity over raw accumulation. How very… corporate.

Ontem comunicamos ao mercado que entre 27 e 30/out recompramos 99.600 ações OBTC3.

Por quê? Nossas ações negociavam abaixo de 1,0x mNAV – ou seja, estávamos comprando Bitcoin com desconto.

Esta decisão faz parte da nossa Política de Negociação com Próprias Ações: sempre que…

– OranjeBTC (@ORANJEBTC) October 31, 2025

According to the filing, OranjeBTC did not purchase additional Bitcoin during the period, maintaining reserves at 3,708 BTC valued at roughly $390.9 million. How thrifty! One might say they’re more interested in trimming shares than bloating their Bitcoin stash. A true connoisseur of fiscal austerity.

From stock buybacks to satoshis

Earlier this week, OranjeBTC reported adding 7 BTC to its treasury, reinforcing its thesis as a Bitcoin-native firm. The buyback and recent acquisition illustrate a mix of equity management and ongoing BTC accumulation. Or, as I like to call it, “the art of pretending to be both a bank and a crypto bro.”

Instead of using cash to directly increase its fixed pool of Bitcoin, OranjeBTC used it to reduce its outstanding shares. The buyback, executed at an average price of R$13.12, increased its year-to-date Bitcoin yield to 1.88%, with each share now representing approximately 2,279 satoshis. How charming-turning shares into tiny fractions of a coin, like a magician pulling rabbits out of hats… or a hedge fund manager pulling profits out of thin air.

The strategy centers on increasing Bitcoin per share rather than just growing reserves. By choosing buybacks over new BTC purchases, the company calls it prioritizing shareholder efficiency and NAV parity over raw accumulation. How original! It’s as if they’ve discovered the secret to making money while doing nothing. A true marvel of modern finance.

Headquartered in Brazil and traded on the country’s main stock exchange, OBTC3 operates under a regulated, publicly listed structure, which provides a level of visibility and credibility uncommon among regional Bitcoin holders. How novel-a Bitcoin firm that actually follows the rules. One might even call it “respectable.”

Additionally, a blackout period on the company’s treasury operations began on October 31, ahead of its third-quarter results scheduled for mid-November. How exciting! Will they reveal their secrets? Or will they continue to play coy, like a Victorian lady with a secret garden?

Now listed on B3, the company illustrates how traditional finance tools are being adapted to manage Bitcoin balance sheets within emerging markets. How quaint! It’s as if the old guard has finally learned to dance to the crypto beat-though they’re still wearing cravats and carrying pocket watches.

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2025-10-31 22:12