Zonda Capital, Argentina's first publicly listed Bitcoin treasury company, is rebranding as ZOND on the Buenos Aires stock exchange (BYMA). The company plans to enhance its Bitcoin exposure through US-regulated spot Bitcoin ETFs, primarily utilizing BlackRock’s iShares Bitcoin Trust (IBIT). This strategic shift follows Zonda's acquisition of Hulytego S.A.I.C. in December 2025, transforming it into a vehicle for Bitcoin exposure. CEO Leonardo Rubinstein emphasizes a strategy of increasing Bitcoin or Bitcoin ETF holdings per share over time. Instead of holding Bitcoin directly, Zonda will leverage US-regulated ETF products to navigate Argentina's complex tax and regulatory environment. This approach offers institutional-grade custody and regulatory clarity, appealing to both retail and institutional investors in Argentina. ZOND shares will be priced in Argentine pesos, but the underlying exposure is in US dollars via IBIT, introducing currency exchange considerations for investors. This structure exposes investors to various risks, including those related to the Argentine equity market, management decisions, and Bitcoin's price volatility.