Skip to content
- OranjeBTC held 3,723 BTC as Bitcoin per share rose 0.19% after stock buybacks.
- The firm repurchased 274,200 shares for R$2.2M, lifting shareholder BTC exposure.
- A Bitcoin price drop drove a R$460.7M loss, but BTC holdings remained unchanged.
OranjeBTC ended the first quarter of 2026 with 3,723 Bitcoin on its balance sheet. The Brazil-based treasury firm also increased Bitcoin per share after repurchasing stock during the period, according to its latest official quarterly release for investors today.
As per the report, the São Paulo-listed company said its fully diluted Bitcoin-per-share metric reached 2,295 satoshis on March 31. The figure stood at 2,291 satoshis at the end of 2025.
The quarterly increase was 0.19%. OranjeBTC said the gain followed the repurchase of 274,200 shares for about R$2.2 million, at an average price of R$7.96 per share.
OranjeBTC Focuses on Bitcoin Per Share Growth
The company’s Bitcoin reserve stayed almost flat during the quarter. Holdings moved from 3,722.3 BTC at the end of December to 3,723.0 BTC by the end of March.
OranjeBTC claims an average acquisition cost of approximately R$356,100 per Bitcoin. This rendered the position an intangible asset worth close to R$1.33 billion.
The company continues to be bullish on the growth of Bitcoin per share, management said. It said the goal is not limited to adding more BTC to the balance sheet.
The strategy encompasses direct Bitcoin acquisition, stock buybacks, financial instruments, and long-term financing. According to OranjeBTC, these tools boost the exposure of Bitcoin attached to each share.
Bitcoin’s price lost a significant amount of value in the past quarter. The company stated that the fall resulted in a valuation gap between the company’s share price and the value of its Bitcoin assets.
Also Read: Bitcoin Becomes the Ultimate Form of Capital as Dollar Supply Dilutes 7% Annually
OranjeBTC took advantage of that opportunity to purchase shares over eight weeks. The repurchase decreased the number of outstanding shares, increasing each outstanding shareholder’s indirect exposure to the Bitcoin reserves.
OranjeBTC Ends March With R$68.5M Cash Position
The company also said it had a BTC Yield of 2.58% from its Bitcoin treasury strategy since the beginning of the program. BTC yield measures the change in Bitcoin per share over time.
The decline in Bitcoin’s price also had a negative impact on quarterly financials. OranjeBTC reported a net loss of R$460.7 million in the latest quarter.
The loss was mainly tied to a R$466.8 million fair value adjustment on its Bitcoin holdings. The company said the charge was non-cash and did not reduce bitcoins held.
Following adjustments, the management reported a net loss of R$2.6 million. The figure removed the main accounting effect.
OranjeBTC ended March with R$68.5 million in cash and cash equivalents. That amount included R$59.3 million invested in STRC, a preferred stock issued by Strategy.
At the end of the quarter, the company entered into a debt agreement with Itaú Asset Management. This agreement provides OranjeBTC with a maximum of R$210 million.
The financing will come to full maturity in 2031. Interest and principal will be due and payable at maturity, and proceeds can be used to buy bitcoin, repurchase shares, or fund strategic initiatives.
At the end of March, OranjeBTC also had 8,579 shareholders. It reached 65% higher than its level at the 2025 end, with average daily trading volume at 500,300 shares.
Also Read: Korea Investment and OKX Set to Reshape the Crypto Market with Major Stake in Coinone
