Key Points
- Sora Ventures has announced a $150 million fund to promote Bitcoin (BTC) treasury adoption in Asia.
- The investment firm’s plan is inspired by MicroStrategy’s approach to using Bitcoin as a primary reserve asset.
Blockchain-focused investment firm, Sora Ventures, has launched a $150 million fund. The fund aims to encourage the adoption of Bitcoin (BTC) treasury practices among publicly traded companies in Asia.
The fund was influenced by MicroStrategy, a US-based business intelligence company. MicroStrategy has successfully used Bitcoin as a principal reserve asset to enhance financial strategies and increase shareholder value.
Adapting to Regional Financial Landscapes
The fund’s target is companies listed on major stock exchanges in various Asian countries, including Japan, Hong Kong, Thailand, Taiwan, and South Korea.
Sora Ventures aims to tailor its Bitcoin treasury strategies to the unique regulatory and economic circumstances of each country. For instance, in Japan, companies are taxed on unrealized Bitcoin gains, which can create financial challenges. Sora intends to address these challenges through innovative solutions, such as structuring corporate frameworks to optimize tax efficiency.
Jason Fang, the Managing Partner at Sora, revealed that the firm is already discussing its Bitcoin strategy with some publicly listed companies in Japan. The firm also plans to expand its reach beyond Japan to other regions like Thailand and Hong Kong.
Companies like Metaplanet, listed on the Tokyo Stock Exchange, have already benefited from Sora’s Bitcoin-focused treasury strategies. This initiative led to a 1,000% increase in Metaplanet’s stock value in 2024, making it the top-performing stock on the Tokyo exchange.
Expanding Bitcoin’s Role Beyond Treasury Management
In addition to corporate adoption, Sora has invested in over 25 blockchain projects. The firm focuses on layer-1 infrastructure and applications to enhance Bitcoin’s utility. Sora has also hosted significant educational events, including Asia’s largest Bitcoin utility conference in Taipei, to promote wider adoption and market confidence.
Since its establishment in 2018, Sora has played a crucial role in supporting blockchain innovation in various sectors, including gaming, non-fungible tokens (NFTs), and decentralized finance. The firm has collaborated with startups, academic institutions, and tech hubs to push the boundaries of blockchain technology, positioning it as a key player in shaping the future of Web3.
Sora Ventures is not the only firm promoting Bitcoin treasury adoption in Asia. Last year, Nomura’s digital asset arm launched a fund targeting institutional investors, offering a secure gateway for high-net-worth investors to explore Bitcoin.
Earlier this year, in September, a former Brevan Howard investor relations manager introduced a hedge fund designed to profit from Bitcoin lending. This move aligns with the growing demand for crypto-backed financial services, highlighting the monetization potential of Bitcoin in institutional strategies.
