Brazil has witnessed something new today during its B3 bag – a company that has not been public for its products, but for its bitcoin.
Oranjebtc, a Brazilian company founded by the former manager of the Bridgewater Associates Guilherme Gomes, began to exchange the B3 today, the exchange based on São Paulo that still the capital of Latin America.
Supported by some of the greatest names of Global Crypto, the company enters public markets with 3,675 BTC immediately becoming the largest owner of Bitcoin company in the region. At current prices, his participations are worth over $ 444 million.
Their 605 Bitcoin ray held by colleague Fintech Méliuz Brazilian, who last year became the first listed company of the country to adopt a strategy of the Bitcoin Treasury.
The model of the company model strategy model in the United States: convertible debt emission, collect capital and buy bitcoin.
At the beginning of this year, Oranjebtc obtained an investment of $ 210 million from the largest Bank in Brazil, Itaú, through his Investment arm Ita Bba, positioning his BTC reserves as long -term strategic activity.
That financing round has also attracted supporters of the maximum weights including Tyler and Cameron Winklevoss, the Mexican billionaire Ricardo Salinas, Falconx and Adam Back of Blockstream, together with US funds off the capital of the chain and the parapher’s capital.
Bitcoin Education for Future Investors
But Gomes insists that Oranjebtc’s vision goes beyond the budgets. The company is launching an educational platform designed to teach institutional shareholders and investors on the monetary properties of Bitcoin – what calls a “learning level” for the next generation of Brazil.
“We want to be an information center and help the Brazilians and the Latin American to understand what money is, the role of a tangible resource and how Bitcoin works,” Gomes said to Wired En Español in September.
The mechanics of the list will follow an inverse IPO, with Oranjebtc that merges into intergraus, already listed on B3.
After the transaction, about 85% of the shares will be in a free float, I open the doors to institutional investors and retail to earn direct exposure to a company whose only real product is the accumulation of Bitcoin.