According to reports by Wu, Sora Ventures announced the launch of Asia's first 1 billion dollar Bitcoin treasury fund during Taipei Blockchain Week, which has already secured 200 million dollars in initial commitments, with plans to complete BTC purchases within 6 months.
The fund aims to concentrate institutional capital to support Japan's Metaplanet, Hong Kong's Moon Inc., Thailand's DV8, South Korea's BitPlanet and other treasury models, and promote the establishment of more Bitcoin treasury companies.
Sora founder Jason Fang stated that this is the first time in Asia that a concerted effort has been made to position Bitcoin as a strategic reserve asset both regionally and globally.
