New data reveals that Asia’s first Bitcoin (BTC) treasury fund is launching with a massive $1 billion investment in Bitcoin.
According to a recent company press release, Sora Ventures – a Taiwanese crypto venture capitalist firm – is planning on launching the treasury within six months, with plans to purchase a staggering nine-figure worth of the crypto king to start.
-->Sora says that with the creation of this treasury, it plans to foster “synergies” between national and international treasuries as well as solidify the top crypto asset by market cap’s role as a reserve asset across all markets.
As stated by Luke Liu, partner at Sora Ventures,
“This is the first time that Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms, with capital commitment towards Asia’s first $1 billion treasury fund.”
According to Jason Fang, founder and Managing Partner at Sora Ventures, the treasury marks a shift away from fragmentation for Asian crypto markets.
“Asia has been one of the most important markets for the development of blockchain technology and Bitcoin. We have seen a rise in interest from institutions investing in Bitcoin treasuries in the U.S. and EU, while in Asia efforts have been relatively fragmented. This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.”
Earlier this month, Strategy – the largest corporate holder of BTC in the world – accumulated nearly $450 million worth of the flagship digital asset. The healthcare services firm KindlyMD announced an equity offering of $5 billion designed to purchase more BTC.
In March, President Donald Trump signed an executive order to stockpile BTC and create a strategic reserve that includes other digital assets, such as Solana (SOL), Cardano (ADA), Ethereum (ETH) and XRP.
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