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Crypto

OranjeBTC bitcoin treasury strategy draws attention; can it become Brazil\'s Strategy?

Brazilian bitcoin treasury company OranjeBTC is pursuing a strategy to expand bitcoin’s use in financial markets, focusing on bitcoin-backed lending and digital credit products. CEO Kiu Gomes says bitcoin’s role is widening into finance. He cites regulatory changes, a VASP licensing system and investment demand in Brazil as key factors. OranjeBTC also points to access via its shares and the B3-listed ETF DIGY11, designed to pay monthly distributions in reais.

Crypto

Strive buys another 2,000 bitcoin, closing in on second-largest public holder

Asset manager Strive has bought an additional 2,000 bitcoin, accelerating its push toward becoming the second-largest bitcoin holder among listed companies. It spent $169 million on the purchase, its third-largest bitcoin buy. The disclosure lifted Strive’s cumulative holdings to 29,462 BTC, ranking it fifth as of Oct. 5. Strategy remains far ahead with 848,000 BTC, while Twenty One, Metaplanet and MARA are also ahead. Strategy’s buying pace has slowed as it prioritises preferred share buybacks.

Crypto

Strive buys 1,107 more bitcoin, keeps 5th-largest public company holdings

Strive bought an additional 1,107 bitcoin last week, raising total holdings to 27,462 BTC. The purchases were made from Sept. 21 to 25 at an average price of $85,396 per bitcoin, for a total of $94.5 million. A filing showed Strive’s bitcoin holdings were valued at about $2.3 billion. Most funding came from SATA, and cash also increased over the week.