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Brazil's largest private bank Itaú invests $210 million to establish Oranje, focusing on Bitcoin reserves.
Brazil's largest private bank Itaú Unibanco announced an investment of $210 million to establish a new company, Oranje, focused on Bitcoin strategic reserves. Oranje is led by former Swan Bitcoin CEO Guilherme Gomes and will raise funds through debt and equity issuance, enjoying tax and operational advantages. Itaú has previously offered Bitcoin and Ethereum trading services on its platform. (BeInCrypto)