OranjeBTC Repurchases Over 3.9 Million OBTC3 Shares, Weekly BTC Yield Reaches 2.68%
Source:
x.com
According to an official post by OranjeBTC (@ORANJEBTC), the company completed a private stock repurchase 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 repurchase generated a weekly gross BTC Yield of 2.68%, while the Bitcoin reserve 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 than directly purchasing Bitcoin in increasing BTC holdings per share.