Brazilian Bitcoin reserve company OranjeBTC joins the repurchase trend, temporarily suspending BTC purchase plans.

Golden Finance reports that Brazil's largest Bitcoin reserve company, OranjeBTC, has repurchased 99,600 shares of its own stock, costing approximately $220,000 (1.12 million reais), and announced that it will delay additional Bitcoin purchase plans. The company currently holds 3,708 Bitcoins, valued at approximately $409 million. This move is aimed at narrowing the gap between its market price and the net asset value (NAV) of its Bitcoin assets. OranjeBTC has joined a wave of digital asset reserve companies that are supporting stock prices through buybacks, including ETHZilla, Metaplanet, Sequans, and Empery Digital.

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