Brazil's leading bitcoin treasury firm, OranjeBTC, has repurchased 99,600 of its own shares for 1.12 million reals ($220,000). This strategic move aims to narrow the gap between the company's market price and the net asset value of its bitcoin holdings. OranjeBTC currently holds 3,708 bitcoin, valued at approximately $409 million. The firm joins a growing trend among digital asset treasury companies employing buybacks to address discrepancies between share prices and asset values.