Brazil's largest commercial bank Itaú announced the establishment of a Bitcoin reserve company, Oranje, with an expected investment of $210 million.

GateUser-6433627c · 2025-04-29T02:01:06+00:00

Brazil's Itaú Bank announced an investment of $210 million to establish Oranje Bitcoin Reserve Company, the first publicly listed company in Latin America focused on Bitcoin. The plan is to raise funds and the expected Bitcoin return rate in the first year is 45%. Oranje is led by Guilherme Gomes and Guilherme Ferreira, supported by institutions such as Itaú BBA and Pinheiro Neto Advogados, with a business model similar to Michael Saylor's Strategy.

GateUser-6433627c

2025-04-29 02:01:06

Abstract generation in progress

On April 29, according to Beincrypto, Brazil’s largest commercial bank Itaú announced an investment of $210 million to establish a Bitcoin reserve company named Oranje, which will become the first publicly listed company in Latin America focused on Bitcoin. The company plans to raise funds through the issuance of bonds and stocks, aiming for a 45% Bitcoin return in its first year. Oranje will be led by former Swan Bitcoin executive Guilherme Gomes as CEO, and Guilherme Ferreira from Bahema as CFO. The project has the support of institutions such as Itaú BBA and Pinheiro Neto Advogados, and its business model is similar to the Strategy founded by Michael Saylor.

ITA4,71%

BTC2,32%

SWAN-22,12%

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