Bitcoin News Today: Wiselink First Taiwan-Listed Firm to Fund Bitcoin Treasury Strategy in U.S. Public Company

Wiselink, a publicly traded company listed on the China Taiwan exchange, has made a historic move by becoming the first firm in the region to invest in a Bitcoin treasury strategy. The company led a $10 million funding round for Top Win International, a U.S.-listed luxury watch trader based in the China Hong Kong region that is now expanding into digital assets [1]. This marks the first time a China Taiwan-listed firm has provided capital to a company allocating its corporate treasury to Bitcoin.

Tsai Kun Huang, CEO of WiseLink, stated that the initiative is driven by global monetary easing and rising geopolitical uncertainty, which are fueling investor interest in decentralized, scarce, and inflation-resistant assets [1]. He highlighted Bitcoin as “the most mature and widely accepted” option among them. As part of the funding, WiseLink acquired three-year convertible notes worth $2 million and led a group of investors in the round, which closed on Friday. The participation of Chad Koehn, founder of United Capital Management, added further credibility to the investment [1].

Top Win International, which is rebranding as AsiaStrategy, has been described as the “only U.S. public company with a Bitcoin treasury play anchored in Asia” by Jason Fang, founder of Sora Ventures. Sora Ventures, an Asia-based crypto investment firm, is merging with Top Win as part of its strategic transformation [1]. The company plans to use the raised funds primarily to purchase Bitcoin and may also invest in other publicly traded companies with similar treasury strategies. However, it has clarified that it has no intention of becoming a traditional investment firm or engaging in securities trading as a core business [1].

WiseLink’s approach to the investment is more strategic than speculative. According to Huang, the goal is not merely to “buy Bitcoin,” but to integrate it with cross-border financial operations in a way that could create a “dual engine of asset preservation and business innovation” [1]. The company chose convertible notes over direct equity to maintain flexibility and manage risk. This structure allows WiseLink to enter as a creditor with principal protection and fixed income, with the option to convert to equity in the future if market conditions and company performance improve [1].

The move reflects a growing trend of corporate adoption of Bitcoin treasury strategies, a model popularized by Michael Saylor’s MicroStrategy. However, WiseLink differentiates itself by demonstrating financial stability. Public financial data shows the company reported a positive net income in 2023 and generated approximately $46 million in revenue in 2024, compared to $53 million over the trailing 12 months [1]. This contrasts with Top Win, which operates with smaller liquidity and has disclosed “material weaknesses” in its financial reporting. The company holds $3.8 million in working capital and $3.0 million in cash [1].

Source:

[1] WiseLink Becomes First Taiwan-Listed Company To Invest in a Bitcoin Treasury Strategy (https://decrypt.co/335413/wiselink-becomes-first-taiwan-listed-company-to-invest-in-a-bitcoin-treasury-strategy)