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The Business Model of OranjeBTC
🧵 How OranjeBTC Works, the Company that Wants to be the Brazilian MicroStrategy
1/6 🧵 Have you heard of OranjeBTC (OBTC3)? It is a company listed on B3 that operates as a Bitcoin treasury. Let's understand the model.
2/6 🧵 THE BUSINESS: OranjeBTC accumulates Bitcoin as its main asset. Today, it has 3,722 BTC in reserve. The stock value reflects (or should reflect) this reserve.
3/6 🧵 THE PROBLEM: Sometimes, the market prices the stock at a discount relative to the real value of the reserves (NAV discount). This is what happened recently.
4/6 🧵 THE SOLUTION: The company repurchased 20,000 shares at R$ 6,53. With fewer shares in circulation, each remaining shareholder gets a larger slice of the company's Bitcoin.
5/6 🧵 THE RESULT: Now, each share represents 2,294 satoshis. To have 1 whole BTC, you need 43,593 shares. The accumulated BTC Yield is 2.53%.
6/6 🧵 CONCLUSION: It is an indirect and regulated way to invest in Bitcoin, with the advantage of trading on B3. The risk? The stock may continue to be discounted – or the company may correct this with more buybacks.
#Thread #OranjeBTC #OBTC3 #Bitcoin #B3 #BinanceSquare
🧵 How OranjeBTC Works, the Company that Wants to be the Brazilian MicroStrategy
1/6 🧵 Have you heard of OranjeBTC (OBTC3)? It is a company listed on B3 that operates as a Bitcoin treasury. Let's understand the model.
2/6 🧵 THE BUSINESS: OranjeBTC accumulates Bitcoin as its main asset. Today, it has 3,722 BTC in reserve. The stock value reflects (or should reflect) this reserve.
3/6 🧵 THE PROBLEM: Sometimes, the market prices the stock at a discount relative to the real value of the reserves (NAV discount). This is what happened recently.
4/6 🧵 THE SOLUTION: The company repurchased 20,000 shares at R$ 6,53. With fewer shares in circulation, each remaining shareholder gets a larger slice of the company's Bitcoin.
5/6 🧵 THE RESULT: Now, each share represents 2,294 satoshis. To have 1 whole BTC, you need 43,593 shares. The accumulated BTC Yield is 2.53%.
6/6 🧵 CONCLUSION: It is an indirect and regulated way to invest in Bitcoin, with the advantage of trading on B3. The risk? The stock may continue to be discounted – or the company may correct this with more buybacks.
#Thread #OranjeBTC #OBTC3 #Bitcoin #B3 #BinanceSquare
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