OranjeBTC is seeking support through a share buyback.

OranjeBTC, Brazil's largest Bitcoin treasury firm, repurchased 99,600 of its shares for 1.12 million Brazilian reais (approximately 220,000 US dollars).

The company holds 3,708 Bitcoins, which have a market value estimated at approximately 409 million US dollars. However, according to a statement from the firm, new Bitcoin purchases will be postponed. This decision is seen as part of a trend among other digital asset treasury companies to buy back shares in order to support stock prices.