Finance13 August, 20262 min read
OranjeBTC Plans DIGY11 ETF on B3 With 95% Allocation to Strategy’s STRC
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OranjeBTC plans DIGY11 ETF listing on B3 in early September Initial 95% allocation to Strategy's STRC and 5% to Strive's SATA
DIGY11 ETF in Brazil
Brazil’s largest bitcoin treasury firm OranjeBTC plans to list the DIGY11 ETF on B3 in early September, initially allocating 95% of its portfolio to Strategy’s STRC preferred shares and 5% to Strive’s SATA. CoinDesk says DIGY11 will hedge dollar exposure via monthly FX forwards, charge a 0.90% management fee, and trade on Brazil’s B3 in the country’s fiat currency, the real.
Coinpedia similarly describes the fund’s strategy as putting 95% of its initial portfolio into Strategy’s STRC preferred shares and providing monthly distributions in Brazilian reais with currency hedging included. OranjeBTC’s plan is designed to avoid buying Bitcoin directly, instead investing in preferred shares intended to provide recurring income while gaining exposure to companies with large Bitcoin holdings.
Returns, fees, and yields
OranjeBTC expects DIGY11’s annual distributions to match Brazil’s interbank rate plus 3–5 percentage points, net of costs, while CoinDesk notes that investors’ actual returns are not guaranteed. Coinpedia adds that OranjeBTC estimates annual distributions could equal Brazil’s CDI rate plus roughly 3% to 5% after fund costs and subject to market conditions.
CoinDesk reports that STRC and SATA yields are currently at 12.5% and 13.1%, respectively, and that the ETF’s total cost is estimated at 1.30%. Crypto News also frames the product as targeting monthly real-denominated distributions rather than direct Bitcoin exposure, with the fund tracking the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index.
Saylor’s “Digital Credit”
Strategy founder Michael Saylor welcomed the move, saying, "Digital Credit is a new asset class," and describing the expansion of STRC to Latin American investors through a local regulated product. Coinpedia also quotes Saylor saying, "Digital Credit is going global," as DIGY11 brings STRC and Digital Credit to Brazil through a B3-listed ETF with monthly BRL distributions, daily liquidity, and FX hedging.
CoinDesk reports that OranjeBTC holds 3,950 BTC valued at $250 million and expects annual distributions to be equivalent to Brazil’s risk-free rate, the Interbank Deposit Certificate (CDI), of 14.15%, plus roughly 3–5 percentage points, net of the fund’s estimated 1.30% total cost. For investors, CoinDesk says the estimate depends on preferred-share distributions and the interest-rate difference between Brazil and the U.S., and it excludes changes in DIGY11’s share price while not guaranteeing returns.