Jeff Booth's Orange Juice raises $40M to launch Bitcoin accumulation firm

Orange Juice, a company backed by Vancouver-based Bitcoin supporter Jeff Booth and macroeconomist Lyn Alden, has raised $40 million to launch a Bitcoin accumulation company, The Block reported. The new firm, to be established in Connecticut, U.S., plans to pursue a strategy of acquiring companies with stable cash flow and allocating the profits to purchase Bitcoin.