OranjeBTC Debuts on Brazil’s B3 Exchange with $444M in Bitcoin

[cryptohog]

Brazilian firm OranjeBTC began trading on the B3 stock exchange this week, bringing 3,675 BTC (~$444 million) to the market and becoming Latin America’s largest listed Bitcoin treasury.

The company went public through a reverse merger with education firm Intergraus, trading under ticker OBTC3. Shares opened at $4.35 (23.22 BRL), surged to $4.59 (24.50 BRL) intraday, and closed at $4.33 (23.15 BRL) as early investors took profits.

[Rimon Khan]

That’s massive for Brazil’s crypto scene! Institutional Bitcoin exposure is getting mainstream recognition now.

[Abdul Khan]

$444M debut says a lot about Brazil’s growing appetite for crypto investments. The region’s market is maturing fast.