In an unprecedented move for Argentina’s capital markets, the creation of Zonda Bitcoin Capital has been announced. The company is the first publicly traded company in Argentina to adopt a financial strategy based on the accumulation of Bitcoin (BTC).
The initiative then occurs Historical transformation of Fritego societya company that dates back to 1942 and specializes in the production of plastic fabrics ( Original owner of Telgopor brand).
A document filed with Argentina’s National Securities Commission (CNV) details:
(…) The purpose of the Company is to carry out investment activities through the purchase and sale of financial instruments and/or securities and/or virtual assets of any nature, either on its own account or in conjunction with domestic or foreign third parties. This includes, but is not limited to, participation in exchange-traded funds (ETFS) or other investment vehicles that are listed and/or listed on Argentine and/or foreign stock exchanges and markets and whose underlying assets consist, in whole or in part, of Bitcoin. (BTC) or other crypto assets. and/or virtual assets of a similar nature.
Documents filed by Zonda Bitcoin Capital before CNV in Argentina.
Leonard Rubinstein, founder and CEO of Zonda Bitcoin Capital and former executive at companies such as OLX and Ankh, highlighted the relevance of this launch through a publication on his LinkedIn account.
He noted that he created the vehicle with his partner Pablo Herrmann. who do you want to be “A secure, regulated and efficient bridge between the traditional financial system and Bitcoin, the best asset to maintain value over time.”«.
The executives are very optimistic about bitcoin And in the same publication he says:
I was particularly fascinated by the digital solution that Bitcoin proposes to a global problem that I hadn’t had in mind for a long time: what broken money looks like, and the fiduciary financial system we’ve been living with for more than half a century. I began to understand the distortions created in society when even the most powerful fiduciary currency (the dollar) has been issued for decades at a rate of 8% to 10% per year without any gold backing. A process that systematically dissolves the fruits of people’s labor, time, and energy and widens the gap between those who have been able to take refuge in scarce materials and those who have not.
Leonard Rubinstein, CEO and Founder of Zonda Bitcoin Capital.
With this vision, the company presents itself on its website and social networks as “the first publicly listed company in Argentina dedicated to storing Bitcoin and expanding its potential.”
“Our goal is to accumulate the largest Bitcoin reserves in Argentina while fostering education and adoption by individuals, businesses, and institutions,” the institution’s page reads. It added: “Our aim is to accelerate Argentina’s transition by harnessing the talent, energy and urgency that a weaker dollar means as a reserve of value.”
This move brings Zonda Bitcoin Capital on board There are over 100 companies focused on accumulating Bitcoin.
According to data recorded by the BitcoinTreasuries portal. Listed companies hold more than 1 million BTC.
(Tag Translation) Argentina
