Bitcoin Titans Take Control: BTC Inc and Sora Ventures Seize HK Asia Holdings

BTC Inc and Sora Ventures have joined the management of HK Asia Holdings, marking a significant shift in the company's Bitcoin strategy. The move sees key figures from both entities taking on active board roles, replacing the previous passive investment approach.

The new board comprises twelve directors, including David Bailey and John Riggins from BTC Inc, Jason Fang from Sora Ventures, and other executives. The board is structured with four committees—audit, remuneration, nomination, and environmental, social, and governance—to ensure effective oversight and management.

Sora Ventures and BTC Inc, through their subsidiary UTXO Management, previously acquired roughly one-third of Japan's Metaplanet equity. The latest development signals a shift from passive investment to direct operational management, with the core management team now overseeing the company's operations.

The updated board composition reflects the group's continued commitment to Bitcoin and digital asset management, aligning with Sora Ventures' previous moves to deepen its involvement in the sector. The decision to join the board in core management roles underscores the investment group's intention to operate rather than simply finance the company.

The board appointments and operational shift were confirmed in a filing on Feb. 12, 2025.