What is OranjeBTC (OBTC3.SA)'s mNAV?

OranjeBTC's mNAV is currently 0.67×. mNAV divides OBTC3.SA's market capitalisation by the value of the Bitcoin it holds, so 0.67× means the market values the company at 0.67× the worth of its Bitcoin treasury (299.0M USD).

Is OranjeBTC (OBTC3.SA) overvalued versus its Bitcoin?

At 0.67×, OranjeBTC (OBTC3.SA) trades at a 33% discount to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 0.61×–2.14×.

How much Bitcoin does OranjeBTC (OBTC3.SA) hold?

OranjeBTC holds 3,912 BTC, worth 299.0M USD at current prices. Its most recent purchase was 8 BTC on Jul 13, 2026.

OranjeBTC

Name: OranjeBTC (OBTC3.SA) mNAV time series
Creator: mNAV

OBTC3

Market valuation vs the Bitcoin it holds

0.67×

live

Discount

a 33% discount to Bitcoin NAV

OranjeBTC trades at 0.67× its Bitcoin NAV — you pay 67¢ for every $1 of Bitcoin it holds, a 299.0M USD pile.

Live · last updated Nov 3, 2026

BTC held

3,912 BTC

Bitcoin treasury

Bitcoin NAV

299.0M USD

at today's BTC price

Market cap

200.5M USD

Fully diluted

Share price

6.72 BRL

BRL

Last BTC buy

8 BTC

Jul 13, 2026

mNAV over time

Last 12 months · diluted

Today's 0.67× sits in a 52-week range of 0.61× to 2.14×.

mNAV · 52-week range

0.61×–2.14×

0.61×now 0.67×2.14×

About OranjeBTC

OranjeBTC (OBTC3.SA) owns 3,912 BTC. At today's price that Bitcoin is worth 299.0M USD. The market caps the whole company at 200.5M USD — 0.67× its Bitcoin. Put plainly: you pay 67¢ for every $1 of Bitcoin it holds, a 33% discount to simply owning the coins. It bought in at an average of 20.7K USD per coin.

Company facts

Country: Brazilsource
Headquarters: São Paulo, Brazilsource
Incorporated: Brazil (sociedade anônima, CNPJ 59.693.110/0001-29)source
Business: Bitcoin treasury company (first in Latin America; bitcoin education)source
Fiscal year end: December 31source
Auditor: RBordignon Auditores Independentes Sociedade Simples Ltda.source
Website: oranjebtc.com ↗source
Investor relations: IR site ↗source
Social: X ↗LinkedIn ↗source

Each fact links to the filing or official page it was taken from.

OranjeBTC (OBTC3.SA) mNAV — frequently asked

What is OranjeBTC (OBTC3.SA)'s mNAV?: OranjeBTC's mNAV is currently 0.67×. mNAV divides OBTC3.SA's market capitalisation by the value of the Bitcoin it holds, so 0.67× means the market values the company at 0.67× the worth of its Bitcoin treasury (299.0M USD).
Is OranjeBTC (OBTC3.SA) overvalued versus its Bitcoin?: At 0.67×, OranjeBTC (OBTC3.SA) trades at a 33% discount to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 0.61×–2.14×.
How much Bitcoin does OranjeBTC (OBTC3.SA) hold?: OranjeBTC holds 3,912 BTC, worth 299.0M USD at current prices. Its most recent purchase was 8 BTC on Jul 13, 2026.

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Full OranjeBTC dashboard →Live treasury terminal Bitcoin treasuries by mNAV What is mNAV?OBTC3.SA investor relations ↗