Sora Ventures has unveiled a significant new initiative, launching a dedicated Bitcoin treasury fund during the Taipei Blockchain Week. This fund is backed by an impressive initial commitment of $200 million from various partners and investors throughout the region, with ambitious plans to acquire a total of $1 billion worth of Bitcoin over the next six months.
This endeavor marks a pivotal shift in Asia’s approach to Bitcoin treasury efforts, moving away from individual companies holding Bitcoin directly on their balance sheets. Instead, Sora’s fund is designed as a centralized pool of institutional capital, which aims to create synergies among regional and global treasury efforts. The firm emphasizes strengthening Bitcoin’s role as a reserve asset and supporting pioneering firms that have already adopted this model.
Notable firms such as Metaplanet from Japan, Moon Inc. based in Hong Kong, Thailand’s DV8, and South Korea’s BitPlanet have already initiated direct Bitcoin accumulation. Sora Ventures is now strategically positioned to bolster these early adopters and promote collaboration across the region. Luke Liu, a partner at Sora Ventures, noted the launch as a landmark development, asserting, “This is the first time that Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms.”
The establishment of this fund is particularly significant given that large-scale Bitcoin treasuries have predominantly been concentrated in the United States, led by companies like Strategy. This new initiative signifies Asia’s intent to become a serious competitor in the institutional Bitcoin investment landscape. Jason Fang, founder and managing partner of Sora Ventures, remarked on the importance of consolidated institutional efforts, stating, “This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.”
Sora Ventures has been progressively laying the groundwork for this Bitcoin-centered strategy in recent years. In 2024, the firm made a notable investment in Metaplanet, aiding Japan’s first publicly listed Bitcoin treasury with a ¥1 billion allocation. The subsequent year saw the acquisition of Moon Inc. and DV8, along with a partnership for the acquisition of BitPlanet, demonstrating Sora’s commitment to replicating and expanding Bitcoin treasury models throughout Asia.
The newly formalized $1 billion fund offers a robust framework aimed at attracting additional institutional partners while coordinating treasury strategies across various markets. Sora anticipates that this fund will not only boost corporate Bitcoin adoption in Asia, but also create a model adaptable for international markets.
The drive toward cryptocurrency investment is gathering momentum among wealthy Asian families and their investment vehicles. Despite recent market fluctuations, both private funds and public companies are ramping up their crypto allocations. Singapore’s NextGen Digital Venture recently secured over $100 million for its Next Generation Fund II, a vehicle focused on crypto equities. Founder Jason Huang highlighted a growing recognition among family offices and fintech entrepreneurs regarding the necessity of including digital assets in diversified portfolios.
In Japan, the corporate landscape has become increasingly receptive to cryptocurrency. Tokyo-listed firm Lib Work recently introduced a $3.3 million Bitcoin treasury strategy aimed at hedging against inflation while supporting overseas expansion activities. Around the same time, Bakkt Holdings acquired a significant stake in textile maker MarushoHotta, signaling a shift towards crypto management for the 120-year-old firm.
Metaplanet Inc. stands out as a leading force in Japan’s corporate Bitcoin movement, having disclosed a recent acquisition of 1,009 BTC, raising its total holdings to 20,000 BTC, valued over $2.1 billion. The company’s shareholders have also approved plans for a substantial overseas share sale, intending to allocate most of the proceeds toward further Bitcoin investments.
Other Tokyo-listed firms are following suit, with Remixpoint, Fashion retailer ANAP, and Agile Media Network all making incremental Bitcoin purchases. At a recent Bitcoin conference, Eric Trump added to the bullish sentiment around cryptocurrencies, predicting that Bitcoin could reach $1 million per coin.
As the landscape evolves, data from BitcoinTreasuries indicates that major corporate holders in Asia now include Cango Inc. and Bitfufu, which report holdings of more than $570 million and $200 million in Bitcoin, respectively. The growing influence of institutional money in the cryptocurrency space highlights a significant shift in market dynamics, as Asia positions itself firmly on the global Bitcoin stage.
