Bitcoin News Today: Bitcoin's Reserve Asset Revolution Begins with $1B Asia Treasury Fund

Sora Ventures, a crypto venture capital firm, has announced the launch of what it claims is Asia's first $1 billion Bitcoin treasury fund. The fund, unveiled during Taipei Blockchain Week, aims to acquire $1 billion worth of Bitcoin within six months, backed by an initial capital commitment of $200 million from institutional partners across the region [1]. This initiative marks a strategic effort to consolidate and scale Bitcoin treasury models, previously implemented by individual firms in the region, into a centralized institutional pool [2]. The fund’s goal is to support existing Bitcoin treasury initiatives and catalyze the development of similar models globally [3].

The initiative is led by Jason Fang, founder and managing partner of Sora Ventures, who highlighted the fragmented nature of institutional Bitcoin adoption in Asia compared to the U.S. and the EU. “This is the first time in history that institutional money has come together, from local to regional, and now to a global stage,” Fang stated [2]. The fund builds on Sora Ventures’ previous investments in regional Bitcoin treasury pioneers, including Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet [1]. These acquisitions were part of an effort to replicate and scale Bitcoin-first treasury models across Asia.

The fund’s structure diverges from traditional region-specific treasury strategies, aiming instead to create synergies between local and international Bitcoin treasuries. This approach is intended to strengthen Bitcoin’s position as a reserve asset in global markets [2]. Luke Liu, partner at Sora Ventures, emphasized the scale and uniqueness of the initiative, stating that it represents a first-of-its-kind commitment to building a network of Bitcoin treasury firms in Asia [1].

Currently, Japan-based Metaplanet holds the largest Bitcoin portfolio in Asia, with over 20,000 Bitcoin worth approximately $2.2 billion at current market prices [2]. Other notable holders include Cango Inc., which has over $570 million in Bitcoin, and Bitfufu with holdings exceeding $200 million [2]. The growing presence of institutional Bitcoin treasuries in the region signals a broader trend toward Bitcoin’s integration as a reserve asset, aligning with Sora Ventures’ vision of global adoption.

The launch of the $1 billion fund is seen as a pivotal moment for Bitcoin’s institutional adoption in Asia. Historically, the U.S. has dominated corporate Bitcoin treasury activity, but Sora Ventures’ initiative aims to shift the paradigm by centralizing institutional capital and leveraging regional expertise. The firm anticipates that the fund will not only support existing firms but also attract new institutional partners to expand the Bitcoin treasury ecosystem [1]. This development is expected to enhance Bitcoin’s credibility as a legitimate reserve asset and accelerate its mainstream acceptance in financial markets.

Source:

[1] 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)

[2] Sora Ventures announces $1B Bitcoin treasury fund (https://cointelegraph.com/news/sora-ventures-1b-bitcoin-treasury-fund-asia)