Bitcoin VC Veterans Raise $40 Million Holdings Company Wants to Find Small Businesses


Another day, another Bitcoin economy.

But this time, I’m twisting it: Earlier this week, an economist and Bitcoin legend. Lyn Alden announced Orange Juice – an investment company that aims to buy, develop and acquire businesses on the scale of Bitcoin.

The idea is that Orange Juice will buy small and medium-sized businesses at low prices, improve their operations, and keep them indefinitely instead of selling them.

A portion of the business profits will be converted into Bitcoin, which acts as the company’s capital.

“Bitcoin companies exist, but their financial services are small or non-existent,” Alden said. he wrote in a blog post.

He added: “Orange Juice will instead focus on building a strong and diversified financial base, with a portion of the revenue generated from its businesses being deposited into the Bitcoin database.”

Ego Death Capital partners Jeff Booth, Lyn Alden, Nico Lechuga, Andi Pitt founded the company together with Adrian Steckel and Ruben Zweiban, when Mexican billionaire Ricardo Salinas participated as an Anchor Investor, on Wednesday to announce read it.

Salinas – one of the richest people in Mexico – has long praised Bitcoin and last month admitted that he had increased his share of the economy from 10% to 70% of his portfolio.

He added that the company has already raised $40 million and plans to go public in the future.

“In the next few decades, a great succession of business will take place,” the announcement said. “Unlike the traditional corporate culture, Orange Juice is not constrained by cash flow or pressure to resell, which allows it to focus on the long-term health of its businesses.”