Brazilian publicly listed company OranjeBTC has announced the approval to issue bonds worth up to 210 million Brazilian Reais, 100% backed by Bitcoin, with the counterparty being an investment fund managed by Itaú Asset Management. The bonds will be issued in two tranches, valued at 130 million BRL and 80 million BRL, respectively, with principal and returns to be paid in a lump sum upon maturity in January 2031. The funds raised will primarily be used to purchase Bitcoin to strengthen the company’s treasury strategy, while a portion may also be allocated to optimizing the capital structure, including stock buybacks. Reportedly, OranjeBTC is the first publicly listed entity in Latin America to adopt a Bitcoin reserve standard strategy, currently holding a total of 3,725 BTC in its treasury. https://(wublock123.com)/news/oranjebtc-brazil-listed-issues-210m-brl-bitcoin-backed-bonds-60435