OranjeBTC, a Bitcoin treasury company based in Brazil, announced it held 3,723 Bitcoin at the end of the first quarter of 2026. They also reported a slight rise in the amount of Bitcoin held per share, thanks to a stock repurchase program during that time.
The company, listed on the São Paulo stock exchange, recently reported an increase in its bitcoin holdings per share. As of March 31st, each share represented 2,295 satoshis, up 0.19% from 2,291 satoshis at the end of 2025. This improvement was driven by a share buyback program, where the company repurchased 274,200 shares for approximately R$2.2 million, averaging R$7.96 per share.
I’m sharing the OranjeBTC Q1 2026 results, which are now available. You can find all the financial and operational details on our website – check it out at the link provided. Also, please join us next Monday, May 18th, at 9 AM BRT for a discussion.
— OranjeBTC (@ORANJEBTC) May 16, 2026
Bitcoin holdings hold steady
OranjeBTC’s bitcoin holdings grew modestly from 3,722.3 BTC at the end of December to 3,723.0 BTC by the end of the quarter. Valued at an average purchase price of around R$356,100 per bitcoin, the company lists these holdings as an intangible asset worth approximately R$1.33 billion.
Company leaders emphasized that their main objective is to grow the value of bitcoin held per share, not just collect more bitcoin. They plan to achieve this through a combination of buying bitcoin directly, buying back company shares, strategically using financial tools, and securing long-term funding.
Buybacks increase BTC per share
Bitcoin prices dropped significantly this quarter, which the company says caused its stock price to fall below the estimated worth of the Bitcoin it owns.
OranjeBTC took advantage of a recent price dip to buy back its own stock over an eight-week period. This reduced the total number of shares available, effectively giving existing shareholders a slightly larger stake in the company’s bitcoin holdings. The company also announced that its bitcoin strategy has generated a total return of 2.58% since it began, measuring the increase in bitcoin value per share over time.
Non-cash loss driven by Bitcoin price decline
The falling price of Bitcoin heavily affected OranjeBTC’s financial results this quarter. The company reported a loss of R$460.7 million, mainly due to a R$466.8 million adjustment in the value of its Bitcoin holdings. OranjeBTC clarified that this adjustment didn’t involve any actual cash leaving the company and didn’t change the amount of Bitcoin it owns.
Excluding accounting adjustments and unusual items, the company reported a loss of R$2.6 million based on its internal management accounting.
Conservative balance sheet
As a crypto investor, I’m really encouraged by OranjeBTC’s latest numbers. They finished the quarter with a solid R$68.5 million in cash and similar assets. A big chunk of that – around R$59.3 million – is actually tied up in STRC, which is a preferred stock from Strategy. It’s good to see them diversifying and putting some funds to work.
The company borrowed R$52.4 million, secured by its assets, and finished with R$16.1 million in cash. It also has a US$23 million debt that doesn’t require interest payments and will be repaid in 2030. Company leaders stated this debt equals approximately 9% of the current value of their Bitcoin holdings.
New funding line from Itaú Asset
In April, following the end of the first quarter, OranjeBTC secured a loan of up to R$210 million from Itaú Asset Management. The loan is due in 2031, with both the principal and interest paid at that time. OranjeBTC plans to use the funds to buy more Bitcoin, repurchase its own stock, and pursue other key business strategies.
As of the end of March, OranjeBTC had 8,579 shareholders, a 65% increase since the end of 2025. Trading activity also rose sharply, with an average of 500,300 shares traded daily during the quarter – more than double the amount seen in the previous three months.
The company made its shares available to investors in the United States through a new program called an American depositary receipt, trading under the symbol ORNJY. This allows international investors to easily buy the company’s stock.
Broader outlook
CEO Gui Gomes stated the company plans to keep growing the amount of bitcoin held for each share, while also keeping its finances stable and secure.
The first three months of the year were a challenge, with lower Bitcoin prices and less available investment money. However, company leaders stated that their careful approach to stock repurchases, reasonable debt levels, and ability to raise new funds put them in a good position to increase their cash reserves in the future.
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2026-05-16 17:43