OranjeBTC Cancels Treasury Stock, Launches New Bitcoin-Focused Buyback Plan
OranjeBTC SA Educacao e Investimento has made significant changes to its share structure and trading plan. The company's board canceled 22 million common shares and 3 million Class A redeemable preferred shares held in treasury, without reducing share capital. This move comes after the termination of its 2025 share trading plan.
The cancellation results in updated share counts across common and preferred classes. Existing option contracts with Vinteum Technology Inc. remain unaffected by this decision. OranjeBTC has simultaneously approved a new share trading plan, authorizing the repurchase of up to 14 million common shares and 2.5 million Class A preferred shares over 18 months.
The company aims to use buybacks and related derivatives to improve per-share metrics and long-term strategy. Management plans to utilize substantial capital reserves for this purpose. The plan also includes the potential sale of treasury shares, with proceeds earmarked primarily for acquiring Bitcoin or Bitcoin-linked instruments, reinforcing OranjeBTC's positioning as a Bitcoin-centric investment platform.