Sora Ventures, a Taiwan-based investment firm, has unveiled Asia’s first dedicated Bitcoin (BTC) treasury fund. The firm plans to deploy the fund’s proceeds to purchase BTC over the next six months.

Sora Ventures Launches Massive Bitcoin Treasury Fund

Speaking at Taipei Blockchain Week, Sora Ventures announced its goal of raising up to $1 billion for BTC acquisitions within the next six months. The firm has already secured $200 million in initial commitments from regional partners.

Sora’s new fund follows the trend of individual Bitcoin treasury firms that have gained prominence in Asia over the past year or so, such as Japan’s Metaplanet, Hong Kong’s Moon Inc., Thai firm DV8, and South Korea-based BitPlanet, to name a few.

However, unlike the aforementioned firms – which hold BTC directly on their balance sheets – Sora’s treasury fund will operate as a central pool of institutional capital. Its dual purpose is to support existing Bitcoin treasury firms and foster the development of similar entities worldwide.

The fund seeks to position Bitcoin as a global reserve asset by creating synergies between Asian and international treasury players. To achieve this, Sora’s management team plans to onboard additional institutional partners.

Sora’s strategy underscores the shift in Bitcoin adoption from North America toward Asia. While companies like Strategy  – formerly MicroStrategy – have led BTC adoption in North America, Asia is increasingly becoming a focal point. Jason Fang, founder and Managing Partner at Sora Ventures, c

Go to Source to See Full Article
Author: Ash Tiwari