Sora Ventures Seizes Control of HK Asia Holdings' Board

Sora Ventures and its subsidiaries have taken over the board of directors of Hong Kong-based Bitcoin company HK Asia Holdings, marking a significant shift in the company's management structure. The takeover, which began on February 12, 2025, sees the new board of directors comprising twelve members, including David Bailey and John Riggins from BTC Inc., and Jason Fang from Sora Ventures. The board has established audit, compensation, nomination, and ESG committees to cover core management functions.

This move comes after Sora Ventures and a subsidiary of BTC Inc. previously acquired a one-third stake in Metaplanet. The takeover of HK Asia Holdings' board of directors signals a strategic expansion for Sora Ventures and its affiliates in the Bitcoin and blockchain industry. The new board is expected to bring fresh perspectives and expertise to the company, potentially driving innovation and growth in the region.

The Hong Kong-based Bitcoin company, HK Asia Holdings, has been a significant player in the cryptocurrency market, and the takeover by Sora Ventures and its subsidiaries is likely to have a substantial impact on the industry. As the new board of directors takes the helm, investors and industry observers will be watching closely to see how the company's strategic direction evolves under its new leadership.