Among the latest crypto news for the Latam region (Latin America), the company Oranje in Brazil has emerged, ready to invest $200 million in Bitcoin, following in the footsteps of Michael Saylor’s Strategy. At the same time, El Salvador continues to purchase BTC despite the agreement with the IMF.
Latam Bitcoin: Oranje in Brasile ready to become the new Strategy of South America
For the Latam area and the crypto sector, news has emerged concerning Oranje, the company that could become the new Michael Saylor’s Strategy of Latin America.
In fact, with the support of Itaú BBA, the investment bank and the largest banking company in Latam, Oranje says it is ready to purchase 210 million dollars in Bitcoin.
In practice, while Itaú BBA is the financial advisor of Oranje, the company aims to become the first listed company in the region dedicated exclusively to Bitcoin, as a strategic reserve asset.
It is about replicating, in the Latin American territory, the successful strategy of the former US company MicroStrategy, led by Michael Saylor.
Oranje is led by CEO Guilherme Gomes, former Swan Bitcoin, and CFO Guilherme Ferreira, from Bahema. Not only that, the governance team also includes big names like Eric Weiss, Fernando Ulrich, and Josh Levine.
Among the main objectives of Oranje is to take advantage of the relatively early stage of bitcoin adoption among institutions, which reaches only 3%.
The Brazilian company supported by Itaú BBA, plans to offer a 45% return in BTC for investments in bitcoin in its first year of operation, aiming to accumulate bitcoin worth $210 million in its initial phases.
After that, Oranje will focus on generating revenue through its already owned crypto assets, expanding its impact and brand awareness.
The launch of a stablecoin: the evaluations
Remaining in Brazilian territory, at the beginning of April 2025, Itaú Unibanco had announced its intention to launch its own in-house stablecoin.
Specifically, the bank stated that it wants to see the experiences of other financial institutions that are issuing stablecoins, and the finalization of the regulation on stablecoins in Brazil.
This evaluation is also based on what is happening in the USA, where stablecoins are now under scrutiny for regulation.
In this regard, according to Guto Antunes of Itaú Unibanco, it seems that in the USA stablecoins have become so relevant to the point of being identified as a tool to promote and protect the sovereignty of the dollar.
Latam Bitcoin: El Salvador continues to purchase BTC despite the FMI
Still for the Latam area, another development concerns El Salvador, which seems to continue following its Bitcoin accumulation plan, despite the agreement with the IMF.
Recently, an official from the International Monetary Fund (IMF) reported that El Salvador is complying with the agreement to abandon the use of Bitcoin as a reserve asset.
In practice, it is a purchase limit of BTC for the country imposed by the IMF, as part of a financing agreement of 1.4 billion dollars.
However, this limit has not stopped El Salvador with its purchases of 1 BTC per day, resulting in everything being compliant according to Rodrigo Valdes of the FMI.
Therefore, at the time of writing, the wallet of El Salvador holds 6,167 BTC, equivalent to over 583 million dollars.
