Sora Ventures to Back Bitcoin Treasury Firms in Asia with $1B Fund

Sora Ventures, a Taiwan-based venture capital firm, is making an effort to raise a $1 billion fund to support businesses that keep Bitcoin (BTC) as part of their financial reserves. The announcement shows Sora’s ambition to unite regional interest in Bitcoin treasuries and turn it into a powerful movement across Asia. Sora Ventures to Build a Bitcoin Treasury Movement in Asia The new fund already has strong backing. Sora confirmed in a press statement that it has secured $200 million in early commitments from local partners and investors. The goal is to raise the full $1 billion in the next six months. Sora Ventures, which is planning to go public , said the fund will focus on investing in Asian companies that choose Bitcoin as part of their treasury. This strategy has already gained momentum in parts of the region, particularly in Japan, Hong Kong, Thailand, and South Korea. Jason Fang, founder and managing partner of Sora Ventures, said the firm sees strong global interest in Bitcoin treasuries. He believes Asia lags behind the U.S. and Europe, where institutional Bitcoin treasuries have gained real traction. He emphasized that by pooling institutional capital and focusing it on listed companies, Sora wants to create a united front for Bitcoin adoption in Asia. Sora Ventures’ Track Record of Strategic Acquisitions This is not Sora Ventures’ first step into Bitcoin-focused investments. Over the past year, the firm has built a track record of high-profile acquisitions and partnerships. In April 2024, Sora supported Metaplanet’s purchase of 1 billion yen, which was equivalent to $6.6 million in Bitcoin. This move made the Japan-based firm the first in the country to use a Bitcoin strategy . After that, Sora expanded into Hong Kong by buying Moon Inc., which later shifted from traditional assets to Bitcoin and Web3 ventures. In Thailand, Sora led a group that bought the electronics retailer DV8, aiming to repeat the same Bitcoin treasury model it started with Metaplanet in Southeast Asia. Positioning Asia for Global Bitcoin Growth With these investments, Sora Ventures is working to push Bitcoin treasury adoption across Asia. This mirrors how Michael Saylor led the firm Strategy used similar methods in the United States and helped change the way companies view Bitcoin in corporate finance. By gathering funds from large investors and directing them into local businesses, Sora aims to reduce the gap between Asia and Western markets, where Bitcoin treasuries are already widely accepted. If the plan succeeds, the $1 billion fund could be a key moment for Bitcoin’s role in corporate finance across Asia. The post Sora Ventures to Back Bitcoin Treasury Firms in Asia with $1B Fund appeared first on TheCoinrise.com .