Orange Juice, founded by Lyn Alden, has raised $40 million to establish a permanent capital company that acquires and holds U.S.-based businesses with strong cash flow, while implementing a Bitcoin treasury strategy. Orange Juice targets companies with annual cash flow between $1 million and $10 million, optimizing operations and investing in Bitcoin as a reserve asset. Orange Juice was founded by Jeff Booth, Lyn Alden, Nico Lechuga, Andi Pitt, and Adrian Steckel of ego death capital, with Ruben Zweiban serving as operating partner.
Orange Juice Raises $40M to Pursue Bitcoin Treasury Strategy
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Summary
Bitcoin breaking news: Orange Juice has raised $40 million to launch a permanent capital company focused on acquiring U.S. businesses with annual cash flow of $1 million to $10 million. The firm will also implement a Bitcoin treasury strategy. Founded by Lyn Alden and Jeff Booth, with Ruben Zweiban as operating partner, the company aims to optimize operations and hold Bitcoin as a reserve asset. This development brings new Bitcoin-related news to the token project space.
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