Peel beets. Use a food processor to grate them (or a box grater, but the processor is easier.)
Melt the putter in a large saute pan. Add the beets, and stir well. Cook them over medium heat, stirring periodically, for about 10 minutes, until softened. T(hey will cook down by nearly half.)
Add orange juice, and stir in, Continue stirring until the beets absorb all the juice, and it is well distributed.