Brazil’s Bitcoin Exposure Is Corporate, Not Sovereign

[kevin1]

Brazil isn’t putting Bitcoin in its national reserves — instead, the movement is happening at the city and corporate level, supported by new market infrastructure.

Rio signaled a 1% crypto allocation in 2022
Méliuz adopted a BTC-treasury strategy and raised R$180M to expand it
OranjeBTC listed on B3 with thousands of BTC
New VASP rules (licensing, AML/CFT, governance, security) take effect Feb 2026

Brazil’s approach follows a clear sequence:
Write rules → launch simple access products → add hedging tools → enforce disclosure.

[alex10]

Corporate exposure shows confidence, but sovereign adoption would be a game changer.