business
Lyn Alden raises $40 million to launch permanent capital holding company backed by bitcoin treasury
@BitcoinMagazine reported that Lyn Alden secured $40 million to start ORANGE JUICE, a permanent capital holding company. The firm will hold cash-flowing businesses supported by bitcoin reserves. Alden described the model in a direct statement.
Jul 15, 3:07 PM·1m read1 source
BI
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Lyn Alden raised $40 million to launch ORANGE JUICE, a permanent capital holding company, @BitcoinMagazine reported. The company will acquire, improve, and permanently hold cash-flowing businesses, Alden stated. "It’s a company that acquires, improves, and permanently holds cash-flowing businesses, backed by a bitcoin treasury," she said.
@BitcoinMagazine presented the funding as the launch of the new vehicle.
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