Sora Ventures has announced the launch of a $1 billion Bitcoin treasury fund in Asia. This fund is aimed at supporting companies adding Bitcoin to their financial statements.
Fund Goals and Initial Support
Founder Jason Fang stated that the fund is designed to unify fragmented efforts in the region. 'Institutional investment in Bitcoin treasuries is rising in the U.S. and Europe, but Asia hasn’t had a coordinated approach. This fund changes that,' he explained.
Bitcoin Market in Asia
In the past year, the venture firm backed major Bitcoin purchases in Japan and acquired companies in Hong Kong, Thailand, and South Korea.
Strategy for Accelerating Institutional Adoption
By consolidating capital at scale, Sora Ventures aims to fast-track institutional adoption of Bitcoin across Asia and position the region as a heavyweight in the global treasury movement.
The launch of Sora Ventures' Bitcoin treasury fund represents an important step in strengthening Asia's position in the global financial arena and promoting institutional investments in Bitcoin.
