WiseLink Invests $2 Million in Bitcoin-Focused Strategy of Top Win International
A Taiwan-listed firm, WiseLink, has invested $2 million in Top Win International, a Hong Kong luxury watch seller transitioning into digital assets. This funding is part of a $10 million effort to support Top Win's strategy focused on holding Bitcoin.
- WiseLink's contribution comes through convertible debt, allowing future share conversion.
- The remaining funds are from U.S. investor Chad Koehn and four unnamed backers.
- Top Win, trading as SORA on Nasdaq, will rebrand as “AsiaStrategy” with backing from Sora Ventures.
- The capital primarily aims to purchase Bitcoin and may pursue other companies with significant Bitcoin holdings.
- Top Win will not operate as a financial investment firm or prioritize securities trading.
- WiseLink’s CEO cited global monetary policy and geopolitical risks as reasons for investing in Bitcoin.
- Convertible debt provides WiseLink flexibility, enabling lending while retaining the option to convert to equity later.
- Top Win joins other Asian firms like Metaplanet that have adopted Bitcoin Treasury strategies.
Metaplanet recently reported $8.4 million in revenue and a 35% increase in gross profit following its similar approach.