Bitcoin News Today:

Sora Ventures, a Taiwan-based cryptocurrency venture capital firm, has launched Asia’s first Bitcoin treasury fund, aiming to acquire $1 billion worth of Bitcoin within six months. The fund, introduced during Taipei Blockchain Week, is backed by an initial $200 million commitment from partners and investors across the region. This initiative builds on Sora Ventures’ prior investments in regional Bitcoin-focused firms, including Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet. The firm aims to scale Bitcoin treasury strategies across multiple Asian markets and strengthen the digital asset’s role as a reserve asset globally. Luke Liu, a partner at Sora Ventures, emphasized that the launch marks a first for Asia in terms of institutional capital pooling and network development for Bitcoin treasuries [1].

The initiative reflects a broader trend in Asia where institutional interest in Bitcoin treasuries is growing. Historically, corporate Bitcoin adoption has been concentrated in the United States, particularly with companies like Strategy. However, Sora Ventures’ fund demonstrates the region’s increasing alignment with global investment strategies. Jason Fang, founder and managing partner of Sora Ventures, noted that institutional interest in Bitcoin treasuries has risen in the U.S. and EU, but efforts in Asia have been fragmented until now. The fund seeks to consolidate these efforts into a unified regional and global network [2].

The fund is positioned as a central pool of institutional capital designed to support existing Bitcoin treasury companies while also encouraging the creation of new ones. This approach aims to foster synergies between regional and international treasuries, creating a more cohesive market for Bitcoin as a reserve asset. Sora Ventures’ strategy involves acquiring or investing in companies that have already adopted Bitcoin as a corporate asset, such as Japan’s Metaplanet, which has over 20,000 BTC in its holdings, making it the sixth-largest corporate Bitcoin holder globally [3].

Publicly listed companies in Asia have shown mixed regulatory responses to Bitcoin treasuries. While some firms have embraced the strategy, others face skepticism from regulators. In Hong Kong, for instance, regulatory acceptance of crypto treasury firms has been limited, with regulators expressing concerns over speculative behavior. Despite this, companies such as Boyaa Interactive have become some of the largest Bitcoin holders in Asia. The varied regulatory landscape highlights the challenges and opportunities for institutional adoption in the region [4].

As the Bitcoin treasury movement gains momentum, global corporate holdings have surpassed 1 million BTC, valued at over $111 billion. Strategy, led by Michael Saylor, remains the largest corporate holder with over 636,505 BTC. Other significant contributors include mining firm MARA Holdings and newly emerged firms like XXI and Bitcoin Standard Treasury Company. With only 5.2% of Bitcoin’s supply remaining to be mined, the growing corporate demand raises concerns about potential supply shocks. This trend has been accompanied by a rise in corporate financing strategies, including convertible debt and equity raises, to fund Bitcoin acquisitions [5].

The expansion of Bitcoin treasuries in Asia is occurring amid heightened regulatory scrutiny, particularly in the U.S. Nasdaq has increased oversight of companies raising capital to buy cryptocurrencies, requiring additional disclosures and shareholder approvals for certain transactions. This shift reflects a broader regulatory push to ensure transparency and investor protection in the digital asset space. While most crypto-raising activities are concentrated in the U.S., the trend is increasingly spilling into Asian markets, where firms are adopting similar capital-raising strategies to build Bitcoin treasuries [6].

Source:

[1] Sora Ventures unveils Asia's first $1 billion Bitcoin treasury fund (https://crypto.news/sora-ventures-unveils-asias-first-1-billion-bitcoin-treasury-fund/)

[2] Sora Ventures Launches Asia's First Bitcoin Treasury Fund (https://bitcoinmagazine.com/business/sora-ventures-launches-asias-first-bitcoin-treasury-fund-plans-to-buy-1-billion-in-btc-within-6-months)

[3] Sora Ventures launches $1 billion fund to support bitcoin treasury firms in Asia (https://www.theblock.co/post/369596/sora-ventures-bitcoin-treasury-fund?utm_medium=rss&utm_source=rss)

[4] Korean bill to legalize ICOs, Chinese firm's Ethereum RWA experiment (https://cointelegraph.com/magazine/korea-icos-bitcoin-treasuries-futian-ethereum-rwa-asia-express)

[5] Bitcoin Treasuries Top 1 Million BTC as Firms Boost Holdings (https://finance.yahoo.com/news/bitcoin-treasuries-top-1-million-045500397.html)

[6] Nasdaq tightens scrutiny of companies raising cash to buy crypto (https://www.theblock.co/post/369497/nasdaq-tightens-scrutiny-of-companies-raising-cash-to-buy-crypto-report)