OranjeBTC repurchased over 3.9 million shares of OBTC3, with a weekly BTC yield of 2.68%

According to an official post from OranjeBTC, the company completed a private stock buyback transaction this week, repurchasing 3,926,667 shares of OBTC3 common stock at a price of R$ 4.05 per share, corresponding to an implied mNAV multiple of 0.65x, with a total transaction amount of approximately R$ 15.9 million. This buyback generated a weekly gross BTC yield of 2.68%, while the Bitcoin reserves remained unchanged.

As of now, the company holds 3,912 BTC, with a gross BTC yield of 3.15% for the third quarter and a year-to-date gross BTC yield of 16.39%. The company stated that under certain circumstances, repurchasing its own stock is more effective in enhancing the per-share BTC holdings than directly purchasing Bitcoin.