Latin America’s Largest Bank Itaú Funds MicroStrategy-Inspired Oranje With $210M for Bitcoin Reserve

Itaú, Latin America’s largest bank, has announced a significant investment in Bitcoin, funding a new company named Oranje with an initial purchase of $210 million in the cryptocurrency. Oranje, inspired by MicroStrategy’s approach and following the Saylor playbook, aims to accumulate Bitcoin as a strategic reserve, marking a pioneering move in reshaping corporate treasury strategies in Latin America. This development is seen as a bullish signal for Bitcoin in the region, with Oranje being led by a former CEO of Swan, indicating a strategic leadership approach to managing the new venture. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant