🇧🇷💰 Brazilian public company OranjeBTC (OBTC3) has approved the issuance of up to $42 million in Bitcoin-collateralized debentures to buy more $BTC.



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CircuitDaydreamer
· 05-02 14:18
OranjeBTC this operation, a hybrid of South American traditional finance and crypto.
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StopLossSparrow
· 05-02 12:19
$42M isn't an astronomical figure, but the FOMO narrative from institutions adds another point.
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TheNemesisOfFomo
· 05-02 12:11
Issuing bonds to buy coins, leveraging to the max, a classic formula for a bull market
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OpcodePoet
· 05-02 11:56
Brazilian publicly traded companies are starting to use BTC as collateral for issuing bonds and increasing their positions; this signal is quite hardcore.
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