Sora Ventures Launches Asia's First $1 Billion Bitcoin Treasury Fund

Taiwan-based venture capital firm Sora Ventures announced the launch of Asia's first Bitcoin treasury fund during Taipei Blockchain Week, targeting $1 billion in Bitcoin purchases within six months. The fund has secured $200 million in initial commitments from partners and investors across the region .

Sora Ventures, founded by Jason Fang, operates as a crypto-focused investment firm that has been actively building a network of Bitcoin treasury companies across Asia. The new fund represents the first institutional effort of this magnitude to consolidate Bitcoin treasury investments in the Asian market, moving beyond the fragmented approach that has characterized the region's crypto adoption.

The fund will support existing Bitcoin treasury firms that have emerged across Asia, including Japan's Metaplanet, Hong Kong's Moon Inc., Thailand's DV8, and South Korea's BitPlanet. Unlike these companies that hold Bitcoin directly on their balance sheets, the Sora fund will operate as a centralized pool of institutional capital designed to strengthen the network of Bitcoin treasury companies operating regionally.

Sora Ventures has been systematically building this network through strategic acquisitions and investments. In April 2024, the firm invested in Japan's Metaplanet and supported the company's 1 billion yen ($6.6 million) Bitcoin purchase. Earlier this year, Sora acquired Hong Kong's Moon Inc., which rebranded from HK Asia Holdings to focus on Bitcoin and Web3 investments. In July, the firm led a consortium that acquired Thai electronics retailer DV8 through a tender offer and took a controlling stake in South Korea's BitPlanet.

Luke Liu, Partner at Sora Ventures, emphasized the initiative's significance, stating that this marks the first time Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms. Jason Fang highlighted the shift from fragmented regional efforts to coordinated institutional investment, noting that while the U.S. and EU have seen rising institutional interest in Bitcoin treasuries, Asia's efforts have been relatively scattered until now.

The timing coincides with growing acceptance of Bitcoin as a treasury reserve asset globally. Several Asian publicly traded companies have already adopted Bitcoin treasury strategies, with Sora's fund designed to accelerate this trend across the region's diverse markets.