TechFlow news, April 29 — According to Beincrypto, Brazil's largest commercial bank, Itaú, announced an investment of $210 million to establish Oranje, a bitcoin reserve company. The company will become the first publicly traded firm in Latin America focused exclusively on bitcoin, aiming to raise funds through bond and stock offerings, with a target of achieving a 45% bitcoin return rate in its first year.
Oranje will be led by CEO Guilherme Gomes, former executive at Swan Bitcoin, and CFO Guilherme Ferreira from Bahema. The project has received support from institutions including Itaú BBA and Pinheiro Neto Advogados, and its business model resembles that of Strategy (formerly MicroStrategy) founded by Michael Saylor.




