Itaú Invests $210 Million in Oranje: Bitcoin Reserve Fuels Market Boost

Brazilian banking giant Itaú has made a bold move into the world of Bitcoin, investing $210 million to establish a dedicated Bitcoin reserve. This significant investment, announced as the creation of Oranje, marks a pivotal step towards building a Bitcoin-focused company in Brazil and sets a precedent for other institutional players seeking to engage with cryptocurrencies. The impact has been immediate, driving substantial market activity and influencing broader price movements.