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Brazilian OranjeBTC becomes South America’s largest bitcoin treasury

Adam Back and the Winklevoss brothers have backed the company, which plans to go public via a reverse IPO.

Yaël Bizouati-Kennedy

Brazilian company OranjeBTC has become the largest bitcoin treasury in South America after acquiring 3,650 bitcoin for $385 million.

The company, which plans to go public next month via a reverse IPO and is backed by former Bridgewater executives, Adam Back, Cameron and Tyler Winklevoss, FalconX, and Mexican billionaire Ricardo Salinas Pliego, also intends to launch a financial and bitcoin education platform.

Gui Gomes, founder and CEO of OranjeBTC, told Sherwood News that the bitcoin treasury industry “is still in its very early innings,” and while there may be some consolidation, “the bigger story is the structural trend.”

Gomes added that what sets the company apart is that it’s more than just a bitcoin balance sheet; it is creating the infrastructure, education, and community to make bitcoin mainstream in Latin America and beyond.

“Operating in Brazil gives us unique proximity to one of the most dynamic markets for digital assets, and our long-term approach emphasizes both shareholder value and regional leadership,” he said.

In other bitcoin treasury news:

  • Chinese company Jiuzi Holdings, a publicly traded “provider of intelligent charging infrastructure” for electric vehicles, announced it adopted a bitcoin treasury strategy, “allowing up to $1 billion deployment.”

  • Newly launched UK company B HODL, which started trading on the Aquis Stock Exchange on Monday after raising $20 million for its bitcoin treasury via the issuance of new shares, acquired its first 100 bitcoin. Back is also a major shareholder, with a 25.3% share.

  • Scilex Holding Company announced it will sell $200 million worth of its subsidiary Semnur Pharmaceuticals stock for $200 million bitcoin.

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US Attorney David Metcalf announced Thursday the arrests of Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, alleged senior members of AudiA6, a cryptocurrency money-laundering service believed to be responsible for laundering over $389 million.

The arrests coincided with a coordinated international takedown of AudiA6 and its infrastructure, involving the search of three properties, the seizure of servers and domains connected to the organization, as well as freezing cryptocurrency assets, according to a Department of Justice press release.

Tkachuk and Ledenev were “charged by criminal complaint with one count of conspiracy to launder monetary instruments and one count of sting money laundering,” the DOJ said. If convicted, they face a maximum possible sentence of 20 years of incarceration.

Per the criminal complaint, AudiA6 offered services to conceal the origin of cryptocurrency linked to criminal activity, charging fees of up to 5% of the amount laundered.

The two defendants are in custody of Republic of Georgia authorities, and the US Attorney’s Office aims to seek their extradition to the Eastern District of Pennsylvania.

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Solana shoves all in on poker with new partnership

If you’ve got money locked up on-chain and an itch to gamble with it in a new way, has the World Series of Poker got good news for you. The WSOP announced it will integrate solana’s blockchain technology into the tournament through crypto payments firm MoonPay.

At its big summer event, players will have the option to buy into tournaments using crypto directly for the first time. In the WSOP’s Bahamas event in December, winners will be able to receive settlements in stablecoins on solana, reducing friction with international settlements.

“Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience,” WSOP CEO Ty Stewart said in a statement. “Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience.”

The price of solana dipped slightly today, but has dropped more than 48% in 2026, data from CoinMarketCap shows.

Solana has been a popular network, in part from meme coin trading over the past two years, involving viral animal sensations as well as political figures such as President Donald Trump and first lady Melania Trump as well as Argentine President Javier Milei.

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