Sora Ventures Launches Asia’s First Bitcoin Treasury Fund to Acquire $1 Billion
Sora Ventures announced Asia’s first dedicated bitcoin treasury fund, aiming to purchase $1 billion in bitcoin within six months. This was revealed during Taipei Blockchain Week, alongside initial commitments of $200 million from regional investors.
The fund will centralize capital to enhance Asia’s network of bitcoin treasury firms. Companies like Tokoy-based Metaplanet currently manage substantial bitcoin treasuries, including 20,000 BTC.
- Luke Liu, partner at Sora Ventures, emphasized the significance of this investment commitment.
- Jason Fang, founder, noted that institutional interest has primarily been in the U.S. and Europe, highlighting Asia's emerging role.
- Sora Ventures previously invested in Metaplanet and acquired firms such as Hong Kong’s Moon Inc. and Thailand’s DV8.
Publicly traded companies collectively control over 1 million BTC, with Strategy holding the largest share at 636,505 BTC.