A significant development in the cryptocurrency space has emerged as Sora Ventures, a venture capital firm focused on digital assets, launched a groundbreaking $1 billion Bitcoin treasury fund. During Taipei Blockchain Week, founder Jason Fang announced the initiative, touting it as “Asia’s first $1 billion Bitcoin treasury fund,” aiming to secure the entire allocation within a six-month timeframe.
The fund is notably supported by $200 million in capital commitments from institutional investors across the Asia-Pacific region. What sets Sora’s fund apart from others in Asia, such as Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet—all of which hold Bitcoin directly on their balance sheets—is its unique approach. Sora plans to pool institutional capital to replicate treasury models across both Asia and the global landscape.
Fang highlighted the historical importance of this initiative, stating, “This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.” This collaboration represents a significant movement in bringing institutional investment into the Bitcoin domain, marking a new chapter in cryptocurrency adoption.
The goal underlying this monumental fund is to foster Bitcoin adoption among corporate treasuries, provide enhanced support for Asia’s pioneering Bitcoin entities, and establish synergies between regional efforts and international initiatives. This greater collaboration aims to fortify Bitcoin’s stature as a reserve asset within the corporate world.
Recent trends in the market reflect the growing momentum of Bitcoin treasuries across Asia. For instance, Japan’s Metaplanet, the largest corporate holder in the region, acquired 1,009 BTC recently, boosting its holdings to a total of 20,000 BTC, valued at approximately $2.2 billion. Other notable Bitcoin holders include Cango Inc., which holds over $570 million worth of Bitcoin, and mining firm Bitfufu, with assets exceeding $200 million, according to BitcoinTreasuries.NET.
As interest in cryptocurrency expands, Sora Ventures’ initiative could pave the way for similar investments, potentially transforming how institutional investors engage with Bitcoin and accelerating its transition into mainstream financial frameworks.
