Brazilian publicly listed company OranjeBTC announces approval to issue bonds totaling up to 210 million Brazilian reais, 100% collateralized by Bitcoin, with the counterparty being an investment fund managed by Itaú Asset Management.


The bonds are divided into two tranches, amounting to 130 million reais and 80 million reais, respectively, with principal and interest to be paid in a lump sum upon maturity in January 2031.
The raised funds will mainly be used to purchase Bitcoin to strengthen the company's treasury strategy, with some funds also allocated to optimize capital structure, including share buybacks.
It is reported that OranjeBTC is Latin America's first listed entity to adopt a Bitcoin reserve-backed strategy, currently holding a total of 3,725 BTC in its treasury.
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