US EditionSora Ventures to Buy $1B in Bitcoin With New Treasury Fund
Sora Ventures commits $200 million to Asia's first Bitcoin treasury fund aiming to buy $1 billion in Bitcoin within six months to support regional treasury firms and boost institutional adoption.
- During Taipei Blockchain Week, Sora Ventures launched Asia's first $1 billion Bitcoin treasury fund with $200 million in initial commitments, aiming to buy $1 billion of Bitcoin within six months.
- Facing fragmented adoption, Sora Ventures designed the pooled fund to reduce execution frictions and co-finance treasury programs, supporting Asia's institutional investors and corporate treasuries.
- Sora Ventures has backed and bought stakes in Metaplanet, Moon Inc., DV8 and BitPlanet, and previously helped Metaplanet allocate about $6.56 million to Bitcoin, with total BTC holdings recently surpassing 20,000.
- Investors responded by bidding up Metaplanet shares, reflecting support as the $1 billion fund aims to lower balance-sheet risk for corporate issuers across Asia and ease Bitcoin adoption.
- The move positions Asia as a larger player in institutional Bitcoin adoption, as Sora Ventures aims to create synergies between regional and international Bitcoin treasury firms while publicly traded corporate holders control over 1 million BTC.
15 Articles
15 Articles
Sora Ventures Launches $1 Billion Bitcoin Treasury Fund with $200M in Commitments
Quick take: The fund plans to buy $1 billion worth of Bitcoin within the next six months. Sora Ventures won’t hold the BTC on its balance sheet; it will create a central pool of institutional capital to support Bitcoin treasury firms like Metaplanet, Moon, DV8, and BitPlanet. Sora Ventures is the parent company of Hong Kong-based Moon Inc., DV8 in Thailand, and a joint owner of BitPlanet. Hong Kong-based crypto venture firm, Sora Ventures, has…
Sora Ventures announced what it identified as Asia’s first dedicated Bitcoin treasury fund, with plans to buy $1 billion in Bitcoin over the next six months. *** Sora Ventures announced what it claims will be Asia’s first dedicated Bitcoin treasury fund. It revealed plans to buy $1 billion in Bitcoin over the next six months. The goal: to help companies in Asia and the world adopt Bitcoin as a reserve asset. Sora has a history of collaborating w…
Sora unveils $1 billion Bitcoin fund with $200 million already committed
The post Sora unveils $1 billion Bitcoin fund with $200 million already committed appeared on BitcoinEthereumNews.com. Sora Ventures launched a Bitcoin treasury fund targeting $1 billion in purchases within six months, according to a company statement delivered at Taipei Blockchain Week in Taipei on Sept. 5. The firm said partners and regional investors have committed $200 million at launch, with the vehicle designed as a pooled source of instit…
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