Taiwan-Based Crypto Ventures Sora Ventures Establishes Fund to Support Companies Investing in Bitcoin! Details Here

Taiwan-based crypto venture capital firm Sora Ventures announced plans to launch a new $1 billion fund to support companies focusing on Bitcoin treasury assets in Asia. Sora Ventures Invests $1 Billion in Bitcoin Treasury Companies in Asia According to a press release from the company, the fund aims to reach $1 billion within the next six months. The initial phase reportedly includes $200 million in commitments from regional partners and investors. The fund will invest in Asian companies that hold bitcoin on their balance sheets, an approach that has been increasingly adopted by publicly traded firms in Japan, Hong Kong, Thailand, and South Korea. “While institutional investment in Bitcoin treasuries has increased in the US and Europe, startups in this space have remained fragmented in Asia. This fund brings together institutional capital from local to regional and global for the first time,” said Jason Fang, Founder and Managing Partner of Sora Ventures. The fund builds on the company's previous strategic steps. In April 2024, Sora invested in Japan-based Metaplanet, supporting the firm's Bitcoin acquisition worth 1 billion yen (approximately $6.6 million). Earlier this year, the company acquired Hong Kong-based Moon Inc., accelerating the company's Bitcoin and Web3-focused transformation. In July, Sora Ventures led the consortium that acquired Thai electronics retailer DV8, while the same month it also acquired a controlling stake in South Korea's BitPlanet, bolstering the company's digital asset expansion. This new fund aims to accelerate institutional-scale bitcoin investments in Asia. *This is not investment advice. Continue Reading: Taiwan-Based Crypto Ventures Sora Ventures Establishes Fund to Support Companies Investing in Bitcoin! Details Here