The Mathematics Behind the Move
How Much Bitcoin Each Share of OranjeBTC Represents
OranjeBTC has 3,722.3 bitcoins in reserve. With the share buyback, the account becomes even more favorable for the shareholder:
💰 43,593 shares = 1 Bitcoin
💸 Each share = 2,294 satoshis
At the current rate (BTC at R$ 350 million), each share represents about R$ 8.03 in Bitcoin value. The paper closed at R$ 6.53 – in other words, trading at a discount.
The company is basically buying back its own shares at a discount, increasing the stake of those who remain.
Long-term strategy or arbitrage opportunity? You decide.