Bitcoin Alliance Aims to Acquire DV8, Expands Bitcoin Reserves in Southeast Asia

On July 3, 2025, the alliance led by investors backing #metaplanet , including UTXO Management, Sora Ventures, Kliff Capital, and AsiaStrategy (Nasdaq: SORA), announced its intention to acquire at least 75% of the shares of DV8, a company listed on the Stock Exchange of Thailand (SET), through a voluntary tender offer (#Decrypt ). DV8 operates in the retail distribution and consumer electronics sector. This deal, involving Moon Inc. (HKEX: 1723) and CEO Metaplanet Simon Gerovich, aims to expand the Bitcoin treasury strategy in Southeast Asia, inspired by Metaplanet – a Japanese company that views Bitcoin as a primary reserve asset.

Jason Fang, founder of Sora Ventures, expressed optimism about Thailand's potential, calling it the “next Metaplanet on SET,” but did not disclose details about governance or ownership structure. Some experts warn of risks when low-cap companies use Bitcoin as a “lifeline.” Saul Rejwan from Masterkey emphasized: “Bitcoin in treasury can be a smart strategy or a sign of financial instability.” Vincent Liu (Kronos Research) believes that only companies with clear plans will succeed, while Jay Jo (Tiger Research) is concerned that increasing debt to buy Bitcoin could pose systemic risks. This deal reinforces the trend of integrating Bitcoin into traditional finance, boosting DeFi and blockchain in the region.

Risk Warning: Information is for reference only, not investment advice.