Sora Ventures, a Taiwan-based venture capital firm, has announced plans to raise a $1 billion fund to support businesses that use Bitcoin as part of their financial reserves.
Creating a Bitcoin Treasury Movement in Asia
Sora Ventures has confirmed that it has secured $200 million in early commitments from local partners and investors. The firm plans to raise the remaining funds within the next six months. The fund will focus on investing in Asian companies that choose Bitcoin as part of their treasury. According to Jason Fang, founder and managing partner of Sora Ventures, Asia is lagging behind the US and Europe in the adoption of Bitcoin.
Sora Ventures' Experience in Bitcoin Investments
Sora Ventures already has a track record of Bitcoin-related investments. In April 2024, the firm supported Metaplanet's purchase of 1 billion yen, equivalent to $6.6 million in Bitcoin, making it the first company in Japan to utilize a Bitcoin strategy. Additionally, Sora expanded into Hong Kong by acquiring Moon Inc., which later shifted its focus from traditional assets to Bitcoin and Web3.
Asian Market's Position in the Global Bitcoin Context
Sora Ventures’ investments aim to promote the adoption of Bitcoin treasuries across Asia, echoing the efforts of firms like Strategy in the United States. By gathering funds from large investors and directing them into local businesses, Sora seeks to bridge the gap between Asian and Western markets, where Bitcoin treasuries are already widely accepted.
If Sora Ventures' plan succeeds, the $1 billion fund could mark a significant moment for Bitcoin's role in corporate finance across Asia.
