Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

Share

Last updated: 

September 5, 2025

Sora Ventures has announced the launch of its dedicated Bitcoin treasury fund, unveiled Friday at Taipei Blockchain Week.

The venture capital firm said the fund is backed by an initial $200 million commitment from partners and investors across the region, with a target of acquiring $1 billion worth of Bitcoin within the next six months.

Asia’s $1B Bitcoin Treasury Fund Aims to Rival U.S. Corporate Adoption

According to the announcement, the fund is designed as a centralized pool of institutional capital, marking a shift from Asia’s earlier Bitcoin treasury efforts, where individual companies accumulated Bitcoin directly on their balance sheets.

Firms such as Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet have already taken that route.

Sora’s initiative seeks to support these pioneers while creating synergies between regional and global treasuries, strengthening Bitcoin’s role as a reserve asset.

Luke Liu, a partner at Sora Ventures, described the launch as a milestone. “This is the first time that Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms, with capital commitment towards Asia’s first $1 billion treasury fund,” he said.

Historically, large-scale Bitcoin treasuries have been concentrated in the United States, where corporate adoption was led by firms such as Strategy.

The new fund signals Asia’s bid to position itself as a serious contender in institutional Bitcoin investment. Jason Fang, founder and managing partner of Sora Ventures, said the initiative addresses what he sees as fragmented efforts across the region.

“This is the first time in history that institutional money has come together, from local to regional, and now to a global stage,” Fang said during a panel titled Introducing BTC Strategy into Major Asia Equity Markets.

Sora Ventures has been steadily building its Bitcoin-focused strategy over recent years. In 2024, it invested in Metaplanet, supporting Japan’s first listed Bitcoin treasury with a ¥1 billion ($6.56 million) allocation.

The following year, it acquired Moon Inc. in Hong Kong and DV8 in Thailand and partnered in the acquisition of BitPlanet in South Korea. Each move was intended to replicate and expand Bitcoin-first treasury models across Asia.

The $1 billion fund now formalizes these efforts, offering a framework to attract additional institutional partners and coordinate treasury strategies across markets.

According to Sora, the fund will not only accelerate corporate Bitcoin adoption in Asia but also provide a model that could be extended internationally.

Asian Family Offices and Japanese Firms Ramp Up Crypto Exposure

Wealthy Asian families and their investment vehicles are stepping up crypto allocations, with both private funds and public companies deepening exposure despite recent market volatility.

Singapore’s NextGen Digital Venture recently raised over $100 million for its Next Generation Fund II, a crypto equity vehicle. Founder Jason Huang said family offices and fintech entrepreneurs increasingly see digital assets as a necessary part of diversified portfolios.

Banks are tracking the trend. UBS reported that some Chinese family offices intend to allocate up to 5% of their holdings to crypto, while younger generations are increasingly driving adoption.

Japan is emerging as a corporate hotspot. In August, Tokyo-listed Lib Work unveiled a $3.3 million Bitcoin treasury strategy, citing inflation hedging and overseas growth plans.

Around the same time, Bakkt Holdings acquired 30% of textile maker MarushoHotta for $115 million, moving to rebrand it as “Bitcoin.jp” and shift the 120-year-old firm toward crypto treasury management.

Metaplanet Inc. leads Japan’s corporate push. The company disclosed a new purchase of 1,009 BTC this week, lifting its total to 20,000 BTC worth over $2.1 billion.

Shareholders also approved an overseas share sale of up to $884 million, with most proceeds earmarked for further Bitcoin buys. Metaplanet, once a struggling hotel operator, is now among the top global corporate holders of the cryptocurrency.

Other Tokyo-listed firms joined in August. Remixpoint added 41.5 BTC, bringing reserves to 1,273 BTC. Fashion retailer ANAP acquired 11.68 BTC through its investment arm, while Agile Media Network continued incremental purchases. Def Consulting also announced plans for a treasury program.

At the Bitcoin Asia 2025 conference, Eric Trump added fuel to bullish sentiment, where Eric Trump predicted the cryptocurrency could reach $1 million per coin and described China as “a hell of a power” in the digital asset economy.

Data from BitcoinTreasuries shows Asia’s biggest corporate holders now include Cango Inc. and Bitfufu, holding more than $570 million and $200 million in Bitcoin, respectively.

Top Win International, listed on Nasdaq as SORA, has secured $10 million from a group of investors led by WiseLink. This marks the first time a Taiwanese public company has invested in a Bitcoin treasury-focused firm.

According to the companies, the deal was executed through a three-year convertible note and is part of WiseLink’s “Bitcoin + Cross-Border Finance” initiative.

The Hong Kong-based Top Win, traditionally engaged in the trading, distribution, and retail of luxury watches, began shifting toward digital assets in May 2025 through a partnership with Sora Ventures.

The company’s strategy includes holding Bitcoin on its balance sheet and investing in other publicly listed companies with similar treasury models. That pivot followed its April 2025 public listing and ticker change from TOPW to SORA.

WiseLink, traded on the Taiwan Stock Exchange under 8932, operates fintech services in India and develops SaaS solutions, maintaining a long-term partnership with smartphone maker OPPO.

The company’s investment in Top Win establishes a strategic capital and technology collaboration aimed at integrating Bitcoin treasury management with cross-border financial operations. Top Win stated it will use the funds primarily to acquire Bitcoin, with potential allocations toward listed companies pursuing Bitcoin treasury strategies, and for working capital.

Top Win’s earlier moves included acquiring stakes in HK Asia Holdings and Metaplanet, the latter holding roughly 7,800 BTC valued at about 800 million dollars. Metaplanet’s shares have gained over 3,600% in the past year, and HK Asia Holdings delivered a fifteenfold increase in share value after adopting a Bitcoin treasury approach.

These investments align with Sora Ventures’ goal of deploying a $150 million fund to back at least ten public companies with Bitcoin holdings by the end of 2025.

Jason Fang, co-founder of Sora Ventures, was appointed chairman and co-chief executive of Top Win in late May, a leadership change intended to drive the company’s blockchain and digital asset strategy. The company plans regional expansion in markets including Thailand, Taiwan, and South Korea, aiming to scale its Bitcoin-centric capital allocation model.

The convertible note financing with WiseLink adds a cross-border element to the strategy, linking Taiwan’s public markets to Hong Kong’s listed digital asset initiatives. While the note’s specific terms, including conversion price and maturity details, have not been disclosed, the structure positions both companies to align long-term capital deployment with their stated Bitcoin treasury goals.

The deal expands Top Win’s capacity to execute its treasury allocation plans while exposing WiseLink to a hybrid retail and digital asset platform.

Top Win emphasized that it does not intend to operate as an investment company under U.S. securities law, and that all activities will comply with applicable regulatory requirements.

The transaction, which closed before the August 15 announcement, represents another step in the company’s transition from a traditional luxury goods business to an entity balancing physical retail operations with Bitcoin-focused capital strategies.

[Disclosure: Sora Ventures is an investor in CryptoSlate.]

Mentioned in this article

A consortium led by the founding forces behind Japan’s Metaplanet, known as the “MicroStrategy of Asia,” announced plans on July 3 to acquire Thailand’s DV8 Public Company Limited through a voluntary tender offer.

The cross-border alliance includes UTXO Management, Sora Ventures, Kliff Capital, Simon Gerovich, Moon Inc., AsiaStrategy, and Mythos Group. The transaction marks a significant move by prominent Bitcoin-focused investors to expand their treasury strategy footprint across Asia.

UTXO Management, co-founded by Tyler Evans and Bitcoin Magazine founder David Bailey, invests in Bitcoin opportunities across public and private markets. Sora Ventures, founded by Jason Fang, is known for backing over 40 companies across the Bitcoin, DeFi, and Web3 sectors.

Kliff Capital, Thailand’s leading alternative asset manager, is also joining the bid. The firm was founded by Annie Yang, formerly of Goldman Sachs and KKR, entrepreneur Tanat Tananivit, and prominent financial strategist Kip Tiaviwat.

Gerovich and Fang have spearheaded the Metaplanet’s Bitcoin-native treasury model. The bid further includes Moon Inc., listed on the Hong Kong Stock Exchange, and AsiaStrategy, a Nasdaq-listed firm investing in Asian public companies with Bitcoin treasury strategies.

Mythos Group, a multi-strategy digital asset holding company active in venture funding and corporate treasury deals, is also part of the acquisition effort.

The proposed acquisition unites institutional investors and Bitcoin treasury leaders from Japan, Hong Kong, Thailand, and the US. It is expected to accelerate the adoption of digital assets within Thailand’s capital markets.

The financial terms of the tender offer were not disclosed.

DISCLAIMER: Sora Ventures is an investor in CryptoSlate.

Mentioned in this article