Odaily Planet Daily reports that ORANGE JUICE has announced the completion of a $40 million funding round, with Mexican billionaire Ricardo Salinas participating as an anchor investor. The project was founded by Jeff Booth, partner at Ego Death Capital, Lyn Alden, and others, and primarily focuses on acquiring profitable U.S. businesses with annual cash flows of $1 million to $10 million, holding them long-term while improving operations, building a Bitcoin reserve, and planning to establish an internal AI operations team to enhance the productivity of portfolio companies.
ORANGE JUICE Completes $40M Funding Round with Participation from Ricardo Salinas
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Summary
ORANGE JUICE announces a $40 million project funding round led by Mexican billionaire Ricardo Salinas. Co-founded by Jeff Booth and Lyn Alden, the project targets U.S. businesses with annual cash flows of $1 million to $10 million, aiming to enhance operations, establish a Bitcoin reserve, and build an AI team to increase productivity. This announcement represents a major milestone in its growth strategy.
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