OranjeBTC Launches DIGY11, First ETF of Preferred Shares in the Bitcoin Ecosystem with Monthly Distributions

• The new ETF will initially feature preferred shares issued by Strategy and Strive, with monthly distributions in reais, currency protection, and daily liquidity;
• Under current market conditions, the fund estimates annual distributions equivalent to the CDI plus approximately 3% to 5%, not considering the variation in share value;
• Developed by OranjeBTC in partnership with 3R Investimentos and MarketVector, DIGY11 is set to debut on B3 at the beginning of September

Rio de Janeiro, August 12, 2026 -- OranjeBTC (B3: OBTC3), the Bitcoin Company of Brazil, announces the launch of the Digital Yield ETF (DIGY11), the first ETF listed on B3 dedicated to international preferred shares issued by companies in the Bitcoin ecosystem.

Structured to make monthly distributions in reais, DIGY11 will be managed by 3R Investimentos, with a benchmark index provided by MarketVector and fiduciary administration by Banco Daycoval. The initial portfolio will consist of preferred shares issued by Strategy through STRC and by Strive through SATA. The fund will have currency protection, daily liquidity, and is expected to debut on B3 at the beginning of September.

"We developed DIGY11 based on the revolution that Strategy and Strive are promoting in the U.S. capital markets. These are instruments that combine recurring income with high asset protection, supported by some of the largest Bitcoin balances in the world. Our role was to transform this innovation into a local product, traded in reais and accessible via B3," says Guilherme Gomes, founder and CEO of OranjeBTC.

Monthly Income and Access to the Global Digital Economy {#h-monthly-income-and-access-to-the-global-digital-economy}

DIGY11 will be traded in reais on B3, with daily liquidity and currency protection. The income received from the international assets in the portfolio will be converted and distributed monthly in reais to the shareholders, subject to the fund's expenses and other conditions.

Under current market conditions, the fund estimates annual distributions equivalent to the CDI plus approximately 3% to 5%. This estimate does not consider the variation in share value and does not represent a guarantee of profitability.

Initially, the portfolio will consist of preferred shares issued by Strategy through STRC and by Strive through SATA, with STRC representing the largest portion of the initial composition. These instruments were structured to make recurring distributions in dollars and are issued by companies that maintain Bitcoin as a significant part of their balance sheets.

DIGY11 will not invest directly in Bitcoin nor seek to replace direct exposure to the asset. Its proposal is to offer an income alternative for portfolios, with relevant asset coverage and access to the global digital economy. Since their respective launches, and despite the still short history, the instruments that make up the portfolio have shown lower volatility than Bitcoin.

The ETF structure brings this strategy into a local and transparent product, with objective composition criteria, daily disclosure of the portfolio and net asset value, and daily trading on B3.

"Investors will not need to open an account abroad, perform currency exchanges, or individually select each asset. Additionally, the local structure can offer greater tax efficiency compared to direct investment abroad. DIGY11 transforms an international strategy that is still not very accessible into a local, transparent product traded on the stock exchange," explains Guiga Ferreira, CFO of OranjeBTC.

Index Developed by OranjeBTC and MarketVector {#h-index-developed-by-oranjebtc-and-marketvector}

The ETF will track the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index, whose methodology was developed by OranjeBTC in partnership with MarketVector, a company of the VanEck group, one of the leading global investment managers with over $200 billion in assets under management.

The index selects, based on objective criteria, preferred shares issued by publicly traded companies in the Bitcoin ecosystem, focusing on listed instruments, long-term or perpetual, and structured to make recurring distributions in dollars.

The methodology considers factors such as liquidity, Bitcoin's participation on the balance sheet, size of corporate reserves, level of leverage, and distribution payment history. Issuers that exceed the defined leverage limits become ineligible, reinforcing the focus on more resilient asset structures.

DIGY11 also incorporates currency protection, aiming to reduce the impact of fluctuations between the dollar and the real on the fund's performance.

"We created a transparent methodology, based on objective criteria and prepared to track the evolution of this category. It is a relatively new market, but it already brings together relevant issuers, liquid instruments, and robust balance sheets," says Gomes.

High Asset Coverage

One of the main fundamentals of the strategy is the asset strength of the issuers whose preferred shares are part of the index. Considering the annual distribution obligations and deducting obligations with priority over these instruments, the combined reserves of Strategy and Strive amount to approximately $2.80 in cash and $28 in Bitcoin for every $1 distributed annually by the two companies.

In other words, the available cash alone is equivalent to about two and a half years of distributions. Including the reserves in Bitcoin, the total asset coverage corresponds to approximately 30 years of distributions at current prices.

"The central point of the thesis is the strength of the balance sheets. For every dollar of annual distribution, there is relevant asset coverage in Bitcoin and cash. It is a differentiated structure that combines recurring income with global, liquid, and scarce assets," says Gomes.

This asset coverage does not represent a guarantee of payment or profitability. The assets remain on the balance sheets of the issuers, are not segregated for the benefit of the fund or its shareholders, and the portion of the coverage in Bitcoin varies according to the asset's price. DIGY11 is an equity ETF, does not have FGC guarantees, and is subject to market, credit, liquidity risks, and the distribution policies of the issuers.

An Innovation Created in the United States and Accessible in Brazil

Strategy was a pioneer in the category now known as "Digital Credit" --- perpetual preferred shares structured to generate recurring income in U.S. dollars, backed by corporate balance sheets that maintain substantial reserves of Bitcoin. These instruments are securities of an asset nature, not debt instruments, designed to generate income, not exposure to the price of Bitcoin.

The category has grown rapidly. Just over a year after its launch, Strategy's STRC surpassed $10 billion in notional value outstanding, with an average daily trading volume of approximately $160 million over the last 30 days. Strive became the second issuer in the category by launching SATA in November 2025, structuring its capital base around this instrument and raising over $780 million.

Both companies have been making uninterrupted distributions since the launch of their instruments, including during a significant correction in Bitcoin's price. DIGY11 will provide Brazilian investors access to this innovation through a regulated vehicle, locally listed and traded in reais on B3.

"Digital Credit is a new asset class, and seeing it reach investors in Latin America through a local and regulated vehicle is exactly the type of expansion that STRC was created to enable," says Michael Saylor, founder and CEO of Strategy.

The fund will hold securities from both issuers, and the index was developed to include other issuers as they meet its eligibility criteria.

"Digital Credit is evolving from a pioneering innovation of a single company into a true asset class, with multiple issuers and a growing global demand. The launch of an index and an ETF structured around this category represents an important step in bringing Bitcoin-backed income to investors worldwide," said Matt Cole, Chairman and CEO of Strive.

Strategic Partners

OranjeBTC is the product's creator, fund advisor, and anchor investor. The company also developed, in partnership with MarketVector, the methodology for the benchmark index.

3R Investimentos will be responsible for managing the portfolio and implementing the strategy. MarketVector will act as the index provider, performing its calculation and maintenance. Banco Daycoval will be responsible for the fiduciary administration and regulatory operation of the fund.

"We have brought together a group of partners with complementary skills and leaders in their fields: OranjeBTC, 3R Investimentos, MarketVector, and Daycoval. This combination of knowledge, management, structuring, distribution, and infrastructure has been crucial in bringing an innovative international strategy to Brazilian investors," says Tomas Awad, founder of 3R Investimentos.

The launch of DIGY11 marks OranjeBTC's entry into the development of financial products aimed at the digital economy and expands its operations beyond managing its own treasury.

"Since our founding, we have made it clear that OranjeBTC would be more than just a treasury company. We want to contribute to building the financial infrastructure of the Bitcoin ecosystem, develop new products, and bring this new economy closer to Brazilian investors," says Guilherme Gomes.