Mars Finance News, according to Beincrypto, Itaú, one of Brazil's largest banks, announced an initial investment of $210 million to establish Oranje, a company dedicated to strategically accumulating BTC reserves. This new initiative emulates the business model of Strategy (formerly MicroStrategy). The project aims to create a robust BTC reserve, expand its brand, and provide a new investment model in Brazil. Oranje will become the first listed company in Latin America focused on Bitcoin. The project seeks to build strong Bitcoin financial reserves, expand brand influence, and offer an innovative investment model for the Brazilian market. If the business plan is successfully implemented, the first-year goal is to achieve a 45% return on Bitcoin investment. Oranje plans to adopt financing strategies such as debt issuance and stock sales, similar to Strategy's approach. Additionally, the company promises to provide tax and operational convenience for investors who wish to directly hold Bitcoin (without intermediaries). Its governance team includes well-known crypto personalities Eric Weiss and Fernando Ulrich, and is supported by Itaú Investment Bank, Pinheiro Neto Law Firm, and one of the Big Four accounting firms.
Brazilian banking giant Itaú to invest $210 million in Oranje to engage in strategic Bitcoin reserves
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share




