TechFlow, Oct 31 — According to CoinDesk, OranjeBTC, Brazil's largest bitcoin reserve company, has repurchased 99,600 shares of its own stock for approximately $220,000 (1.12 million reais) and announced a delay in additional bitcoin purchase plans. The company currently holds 3,708 bitcoins, worth about $409 million. This move aims to narrow the gap between its market price and its bitcoin net asset value (NAV).
OranjeBTC joins a wave of digital asset reserve companies supporting their share prices through buybacks, including ETHZilla, Metaplanet, Sequans, and Empery Digital.




