OranjeBTC, Latin America's largest corporate Bitcoin treasury company, added 20 Bitcoin to its holdings this week, paying roughly $75,346 per coin — well below its historical average cost basis of $105,085. The purchase, worth about $1.506 million, brings the firm's total stash to 3,762 BTC. The move continues a pattern of buying through bearish price action, funded by debt and a share repurchase program.
A below-average buy
The 20 BTC were acquired at roughly $75,346 each, while OranjeBTC's overall average cost sits at $105,085 per coin. That gap means this purchase pulls down the company's average entry price, at least slightly. The firm also reported a year-to-date BTC Yield of 2.20% for 2026 — matching its full-year 2025 figure of 2.01% within just the first half of the year. BTC Yield measures how much Bitcoin the company holds per diluted share, a key metric for shareholders tracking exposure.
Boosting Bitcoin per share
OranjeBTC repurchased 289,100 shares, which shrinks the share count and automatically increases each remaining shareholder's slice of the Bitcoin pile. That's the same logic behind MicroStrategy's playbook: buy back stock while adding coins, so the Bitcoin-per-share ratio rises faster than the raw treasury alone would suggest. The company's Bitcoin-per-share metric has been climbing, and the share buyback accelerates that trend.
Debt-fueled accumulation
OranjeBTC isn't just using operating cash. In April 2026 it issued up to $42 million in Bitcoin-collateralized debentures — effectively borrowing against its own holdings. It's also pursuing roughly R$100 million (about $19.51 million) in new financing, specifically earmarked for more Bitcoin purchases. The company trades under ticker OBTC3 on Brazil's B3 exchange and as ADR ORNJY internationally, offering a regulated vehicle for Latin American investors who want Bitcoin exposure without holding the asset directly.
The company is now working to close that R$100 million financing round, which would fund additional accumulation. No timeline has been set, but OranjeBTC has shown it's willing to borrow and buy when prices dip below its average cost.
