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Crypto

OranjeBTC Boosts Bitcoin Holdings Amid Brazil Currency Woes

Guavy AI Editorial Team
Instruments
BTC
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OranjeBTC, Latin America's largest corporate Bitcoin holder, has increased its holdings by purchasing six more BTC. The company now holds a total of 3,918 BTC valued at over $250 million. This acquisition brings OranjeBTC's total to an increase of about 7.3% since going public.

The average cost per BTC for these new additions is above $100K, indicating the company's strong conviction in Bitcoin despite high prices. This strategy serves as a hedge against Brazil's weakening currency, providing a potential safeguard against economic fluctuations.

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