Zhitong Technology Co., Ltd. (stock code: 8932, hereinafter referred to as 'Zhitong') announced that its board of directors on August 8 approved two decisions of long-term strategic significance, officially launching the 'Bitcoin Capital Strategy + Cross-Border Finance' dual-engine model, becoming the first listed company in Taiwan to adopt a Bitcoin capital strategy. This strategy not only corresponds to international market trends but also engages in cooperation with global Bitcoin reserve strategy investor Top Win International Limited (hereinafter referred to as 'SORA'), following the hint of 'Next: Taiwan' in July.
SORA hinted in July: Connecting multiple Asian enterprises to enter Bitcoin reserves.
Before the official announcement of the partnership in Taiwan, SORA co-CEO Jason Fang hinted on social media on July 21 that 'Next: Taiwan', sparking high attention and discussion in the market. This investment from Zhitong in SORA, along with the signing of a memorandum of cooperation between the two companies, demonstrates SORA's determination to actively deploy in Asia.
(Extended news: Next stop Taiwan? SORA's CEO may intend to bring the 'Bitcoin Reserve Strategy' into the Taiwanese stock market.)
Japanese listed company Metaplanet (3350.T) has recently transformed into a focal point in the cryptocurrency industry by adopting a Bitcoin reserve, being dubbed as 'Japan's MicroStrategy'. After announcing a full commitment to Bitcoin investment strategy in April 2024, Metaplanet's stock price experienced explosive growth. It not only accumulated nearly double the increase within 2025 but is still considered a strong representative in the Japanese market, even after a recent pullback; when calculated from the lowest point since the launch of the Bitcoin reserve in 2024, the maximum increase even exceeded 40 times (over 4,000%), creating astonishing records in just over a year.
Metaplanet originally was a hospitality operator, which has transformed with a 'Bitcoin Reserve Strategy' and rapidly expanded its Bitcoin holdings to over 18,000 coins through bond and stock issuance, becoming one of the leading crypto asset companies in Asia. With the surge in stock prices, the company has become a target for domestic and international ETFs and large investment institutions, significantly increasing its visibility and the activity in the capital market.
Metaplanet achieves super high valuation and leverage benefits in the Japanese investment market with its relatively small market capitalization, high growth, and unique financial planning, being seen as a representative enterprise of the Bitcoin wealth effect and resistance to the depreciation of the Japanese yen.
Zhitong sets a precedent: Taiwanese listed companies adopt Bitcoin reserve strategy first.
At the board meeting on August 8, Zhitong made two major decisions, marking the official arrival of the Bitcoin capital strategy era in the Taiwanese capital market. The first is to sign a letter of intent for cooperation with SORA, subscribing to its issued three-year convertible corporate bonds amounting to 2 million USD, thereby directly linking to the global Bitcoin reserve network and expanding asset application scenarios. The second is the acquisition of 100% equity of Letul Investments Private Limited located in New Delhi, which holds a local NBFC (Non-Banking Financial Company) license, allowing it to legally conduct lending, payment, and digital financial businesses in India, laying the foundation for Zhitong's entry into emerging markets.
Taiwan's first listed company enters Bitcoin reserves: SORA X Zhitong creates a win-win situation.
The cooperation between SORA and Zhitong is not only a capital alliance but also a complementary model. The strategic partnership means that SORA's entry into Taiwan will be more rapid and legal, while Zhitong can leverage SORA's international layout and investment network to extend Bitcoin and digital asset strategies to more application scenarios and overseas markets, forming a mutually beneficial relationship that can amplify capital and market value alongside rising Bitcoin prices.
(Extended news: SORA invests strategically in Thailand and South Korea, becoming a Bitcoin reserve asset management company.)
The upward trend in Bitcoin prices will amplify the capital effects and market valuations for both parties.
This investment cooperation is expected to replicate the capital market effect of MicroStrategy in the United States in Taiwan. As Bitcoin prices rise, both parties' net asset value (NAV) and earnings per share (EPS) will increase simultaneously, directly impacting market valuations. Meanwhile, Zhitong, through obtaining an NBFC license in India, can launch innovative services such as cross-border settlements, crypto asset collateral loans, and Web3 payments in the future, opening up new growth curves for business revenue. These new businesses resonate with the Bitcoin reserve strategy, further solidifying the company's growth foundation in both assets and cash flow.
Market instant feedback: Zhitong's stock price and trading volume are rising simultaneously.
Since the announcement on August 8, Zhitong's stock price and trading volume have surged, indicating high recognition and anticipation from the market regarding the company's new strategy. Observers point out that if Bitcoin maintains a bullish trend, the partnership between Zhitong and SORA will not only provide long-term support for the company's stock price but may also lead Taiwanese listed companies into a new era of 'Bitcoinization', paving the way for the integration of capital markets and digital assets.
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