Brazil's Largest Bitcoin Treasury Company OranjeBTC Plans to Launch DIGY11 ETF, 95% Position Allocated to Strategy Preferred Stock STRC
TechFlow News, August 13, according to CoinDesk, Brazil's largest Bitcoin treasury company OranjeBTC (holding 3,950 BTC, valued at approximately $250 million) plans to launch a monthly dividend ETF—DIGY11, initially allocating 95% of its position to Strategy (MSTR) preferred stock STRC (current yield 12.5%), with the remaining 5% allocated to similar product SATA under Strive (ASST) (yield 13.1%).
The fund is planned to be listed on the Brazilian B3 Exchange priced in Reais, with an expected annualized distribution yield of approximately the Brazilian Interbank Deposit Rate (CDI, currently 14.15%) plus 3-5 percentage points (after deducting 1.30% management fee), and will hedge USD exchange rate risk through one-month foreign exchange forward contracts. OranjeBTC expects DIGY11 to commence trading in early September, though the specific listing date remains undetermined.
