Sora Ventures, a Taiwan-based cryptocurrency venture capital firm, has revealed its plan to establish a $1 billion fund aimed at investing in Bitcoin 
$64,106 treasury companies across Asia. Within six months, the company aspires to reach this grand target, having already secured a commitment of $200 million from regional partners during the initial phase.
Objective of the Fund
According to Bitcoin Magazine, the fund will focus on companies based in Asia that hold Bitcoin in their balance sheets. This approach has turned into a strategic trend embraced by publicly traded companies in Japan, Hong Kong, Thailand, and South Korea. Jason Fang, the founder and managing partner of Sora Ventures, commented on the growing interest from institutional investors in the US and Europe towards Bitcoin treasuries, highlighting the fragmented nature of similar initiatives currently in Asia.
Upon reaching the $1 billion target, the fund will provide a new source for companies in the region to increase their Bitcoin investments. This will enable a more visible presence of cryptocurrencies in the balance sheets of Asia-based enterprises.
Previous Investments of the Fund
Sora Ventures’ new fund strategy builds on previous steps undertaken by the firm. In April 2024, Sora Ventures invested in Japan-based Metaplanet to support the company’s acquisition of Bitcoin worth 1 billion Japanese yen. In the same year, the firm acquired Hong Kong-based Moon, steering the company towards Bitcoin and Web3 investments.
In July, Sora Ventures led the acquisition of the Thai electronic retailer DV8, aiming to implement the Japanese model in Southeast Asia. During this period, control stakes in South Korean-based BitPlanet were also acquired. These investments have contributed significantly to the expansion of regional Bitcoin treasury companies in the cryptocurrency domain.
According to CoinMarketCap, Bitcoin was trading at $112,369 with a 1.22% increase in the last 24 hours at the time of this report.
