Key takeout
- Brazilian company Oranje has acquired 3,650 BTC for $385 million to build strategic reserves before the public list.
- Brazil is a leader in corporate and retail crypto adoption in Latin America.
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Brazilian Bitcoin finance company Oranjebtc acquired 3,650 Bitcoin for $385 million today as part of its strategic reserve accumulation ahead of its planned public list.
The purchase reflects the growing adoption of corporate Bitcoin in Latin America, leading Brazil by aggressively trading digital assets on a large, rapidly expanding user base.
Oranje follows a financial model pioneered by the strategy that launched a massive Bitcoin purchase in 2020. That strategy has stimulated a wave of Bitcoin finance companies worldwide.
The adoption of corporate Bitcoin is accelerating worldwide, with over 190 publicly available companies currently holding BTC on their balance sheets as inflation hedges.
As companies seek to be exposed to the limited supply dynamics of pioneering cryptocurrency, we collectively refer to facility holdings totaling more than 1.5 million btc worth hundreds of billions at current prices.
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