Luxury Watchmaker Top Win Surges 60% With Bitcoin Strategy

Shares of luxury watchmaker Top Win soared over 60% in premarket trading following the announcement of its adoption of a Bitcoin accumulation strategy and rebranding to AsiaStrategy. Partnering with Sora Ventures, AsiaStrategy aims to implement a Bitcoin treasury strategy, similar to Japan's first corporate Bitcoin treasury created by Sora and Metaplanet in 2024. The stock market reacted positively, with Top Win's stock price jumping from $7.50 to $12.12. AsiaStrategy will maintain its luxury watchmaking business alongside the new Bitcoin strategy. This move mirrors other companies like Strategy and Metaplanet, who have also embraced Bitcoin treasury strategies. Sora Ventures' founder, Jason Fang, will join AsiaStrategy as co-CEO, bringing his expertise in decentralized finance and NFTs. The trend of companies accumulating Bitcoin, as seen with Strategy and Metaplanet, continues to gain momentum, with significant holdings in BTC. Asia's dominance in crypto adoption is highlighted by these developments. Read more AI-generated news on: https://app.chaingpt.org/news