Top Win International raises $10m with Taiwanese firm WiseLink's investment.

Friday, Aug 15, 2025 7:03 am ET1min read

Top Win International has raised $10m from investors, led by Taiwanese public company WiseLink, marking the first Taiwanese public company to invest in a Bitcoin Treasury Company. The investment was executed through a three-year convertible note and establishes a strategic capital and technology collaboration. TopWin plans to use the proceeds primarily to purchase BTC and may invest in listed companies with Bitcoin exposure.

Top Win International, a U.S.-listed luxury watch trader based in the China Hong Kong region, has successfully raised $10 million in funding, with Taiwanese public company WiseLink leading the investment. This marks the first instance of a Taiwan-listed firm backing a Bitcoin treasury company, highlighting the growing trend of corporate adoption of Bitcoin as a strategic asset [1].

The funding round was executed through a three-year convertible note, with WiseLink acquiring $2 million worth of notes. The convertible notes provide flexibility and risk management for WiseLink, allowing the company to enter as a creditor with principal protection and fixed income, while retaining the option to convert into equity in the future if market conditions and company performance improve [1].

Top Win International, rebranding as AsiaStrategy, plans to use the proceeds primarily to purchase Bitcoin. The company also intends to explore investments in listed companies with Bitcoin exposure, though it has no plans to operate as an investment firm or engage in securities trading as a core business [1].

WiseLink, a publicly traded company listed on the China Taiwan exchange, has demonstrated financial stability. In 2023, the company reported a positive net income and generated approximately $46 million in revenue in 2024, compared to $53 million over the trailing 12 months. This contrasts with Top Win, which operates with smaller liquidity and has disclosed "material weaknesses" in its financial reporting [1].

The investment 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, while Top Win faces liquidity challenges and reporting weaknesses [1].

The strategic capital and technology collaboration between WiseLink and Top Win is expected to create a "dual engine of asset preservation and business innovation," according to Tsai Kun Huang, CEO of WiseLink. This approach aligns with the company's goal of integrating Bitcoin with cross-border financial operations [1].

References:
[1] https://www.ainvest.com/news/bitcoin-news-today-wiselink-taiwan-listed-firm-fund-bitcoin-treasury-strategy-public-company-2508/

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