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Brazilian OranjeBTC becomes South America’s largest bitcoin treasury

Adam Back and the Winklevoss brothers have backed the company, which plans to go public via a reverse IPO.

Brazilian company OranjeBTC has become the largest bitcoin treasury in South America after acquiring 3,650 bitcoin for $385 million.

The company, which plans to go public next month via a reverse IPO and is backed by former Bridgewater executives, Adam Back, Cameron and Tyler Winklevoss, FalconX, and Mexican billionaire Ricardo Salinas Pliego, also intends to launch a financial and bitcoin education platform.

Gui Gomes, founder and CEO of OranjeBTC, told Sherwood News that the bitcoin treasury industry “is still in its very early innings,” and while there may be some consolidation, “the bigger story is the structural trend.”

Gomes added that what sets the company apart is that it’s more than just a bitcoin balance sheet; it is creating the infrastructure, education, and community to make bitcoin mainstream in Latin America and beyond.

“Operating in Brazil gives us unique proximity to one of the most dynamic markets for digital assets, and our long-term approach emphasizes both shareholder value and regional leadership,” he said.

In other bitcoin treasury news:

Chinese company Jiuzi Holdings, a publicly traded “provider of intelligent charging infrastructure” for electric vehicles, announced it adopted a bitcoin treasury strategy, “allowing up to $1 billion deployment.”
Newly launched UK company B HODL, which started trading on the Aquis Stock Exchange on Monday after raising $20 million for its bitcoin treasury via the issuance of new shares, acquired its first 100 bitcoin. Back is also a major shareholder, with a 25.3% share.
Scilex Holding Company announced it will sell $200 million worth of its subsidiary Semnur Pharmaceuticals stock for $200 million bitcoin.

Yaël Bizouati-Kennedy4h

Bitcoin’s price finally breaks past $113,000 but ETFs continue to bleed

Bitcoin has seemed stalled around $112,000, but is finally breaking past the $113,000 mark on Wednesday as whales have led a rush to sell. The token’s price is still down nearly 2% over the past week.

David Siemer, CEO of Wave Digital Assets, told Sherwood News that the wave of liquidations is due to a combination of factors hitting at once, including the fact that crypto markets have become heavily leveraged after bitcoin’s run past $120,000.

“Once bitcoin slipped through key price levels, stop-losses and liquidations snowballed against relatively thin liquidity, which amplified the move,” he said, adding that at the same time, stronger-than-expected US inflation data lifted the dollar and dampened risk appetite, giving traders another reason to unwind positions.

“Short-term holders were quick to sell into the weakness, further accelerating the downside,” he said.

Meanwhile, bitcoin ETFs continue to bleed, with outflows reaching $466.7 million since Monday, SoSoValue data shows. Reflecting the risk-off sentiment, gold ETFs, in contrast, experienced their largest inflow since January 2021 on Friday as gold itself hits all-time highs.

Yaël Bizouati-Kennedy

Woof

9/23/25

Dogecoin fails to rally despite doge ETF launch and more upcoming funds

Even though more parties are entering the dogecoin ETF arena, the token is falling along with the broader crypto market.