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Top Win International, formerly listed as TOPW and now traded under the ticker SORA on Nasdaq, has completed a $10 million financing round led by Wiselink Co., a publicly listed company in China Taiwan [1]. This marks the first instance of a public company from China Taiwan investing in a Bitcoin-focused treasury firm, signifying a strategic shift in both corporate finance and institutional engagement with digital assets [2]. The funding is structured as a three-year convertible note and is intended to support Top Win’s
acquisition plans, with potential allocations also directed toward other public companies adopting similar strategies and for working capital [3].The investment aligns with Wiselink’s broader “Bitcoin + Cross-Border Finance” initiative [4]. As a fintech firm with partnerships in India and with smartphone giant OPPO, Wiselink’s move underscores the growing intersection between traditional financial operations and
integration [5]. , which previously operated in the luxury watch market, has been undergoing a strategic transformation since May 2025, when it partnered with Sora Ventures and rebranded to SORA [6]. The company has announced its intention to hold Bitcoin on its balance sheet and to invest in other public entities pursuing digital asset strategies [7].This $10 million investment amplifies Top Win’s ability to execute its capital allocation plans and supports its expansion goals in markets such as Thailand, South Korea, and China Taiwan [8]. It also reflects a broader trend among publicly traded companies to incorporate Bitcoin into their treasury management strategies. Top Win previously invested in HK Asia Holdings and Metaplanet, the latter holding approximately 7,800 BTC valued at $800 million [9]. These investments have delivered substantial returns, with Metaplanet’s shares rising over 3,600% in the past year and HK Asia Holdings delivering a fifteenfold increase in value after implementing its own Bitcoin strategy [10].
Sora Ventures, which has committed to a $150 million fund to back at least ten public companies with Bitcoin holdings by the end of 2025, also stands to benefit from the transaction [11]. Jason Fang, co-founder of Sora Ventures, was appointed chairman and co-CEO of Top Win in late May 2025, signaling a strategic leadership shift to accelerate the company’s digital asset agenda [12].
The funding round adds a cross-border element to Top Win’s strategy, linking China Taiwan’s public markets with Hong Kong-based digital asset initiatives [13]. While the specific conversion price and maturity terms are not disclosed, the structure is designed to align long-term capital deployment with the company’s Bitcoin treasury goals [14]. Top Win has also emphasized that it does not intend to operate as a U.S. investment company and will ensure all activities comply with applicable regulatory requirements [15]. The company remains focused on balancing its traditional retail operations with its emerging capital strategies centered around Bitcoin [16].
This development may influence broader regional investment dynamics, as more firms consider integrating Bitcoin into their financial models. Analysts suggest that such moves could prompt further regulatory discussions and potentially accelerate the mainstream adoption of cryptocurrencies in Asia [10].
Source:
[1] Yahoo Finance. (2025, August 9). Wiselink Becomes First Taiwan-Listed Company To Invest in ... https://finance.yahoo.com/news/wiselink-becomes-first-taiwan-listed-103103048.html
[2] MEXC. (2025, August 11). WISELINK leads a $10 million funding round for Top Win ... https://www.mexc.com/news/wiselink-leads-a-10-million-funding-round-for-top-win-becoming-the-first-taiwanese-listed-company-to-invest-in-a/65422
[3] CryptoSlate. (2025, August 11). Taiwan's first Bitcoin treasury investor bets $10 million on ... https://cryptoslate.com/taiwans-first-bitcoin-treasury-investor-bets-10-million-on-nasdaqs-sora/
[4] Stock Titan. (2025, August 10). TOPW/top-win-international-nasdaq-sora-raises-usd-10m-with-wiselink-co-ypg9eygjmshf.html https://www.stocktitan.net/news/TOPW/top-win-international-nasdaq-sora-raises-usd-10m-with-wiselink-co-ypg9eygjmshf.html
[6] Binance. (2025, August 13). Top Win International Completes $10 Million Financing for ... https://www.binance.com/square/post/28352528288369
[15] Stock Titan. (2025, August 10). 6-K Top Win International Limited Current Report (Foreign ... https://www.stocktitan.net/sec-filings/TOPW/6-k-top-win-international-limited-current-report-foreign-issuer-3d00a9eb45a3.html

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