Bitcoin-focused Latin American company OranjeBTC is set to go public on Brazil’s B3 exchange in early October with more than $400 million in BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm.
The move, confirmed by local news outlet Brazil Journal and at Mercado Bitcoin’s DAC 2025 conference, will see it go public via a reverse merger with Intergraus, a prep-course provider already listed on the exchange. Once the transaction closes, Oranje will assume Intergraus’ public listing with a roughly 85% free float.
Oranje holds 3,650 bitcoin, roughly six times more than Brazilian fintech Méliuz, the only other major publicly-traded bitcoin treasury firm in the country. The sum would rank Oranje among the top 25 corporate bitcoin holders globally, and the company ai