Zhitong Science and Technology Co., Ltd. (stock code: 8932, hereinafter referred to as 'Zhitong') announced that the board has passed two long-term strategic decisions on August 8, 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 resonates with international market trends but also collaborates with global Bitcoin reserve strategy investor Top Win International Limited (hereinafter referred to as 'SORA'), following the implied 'Next: Taiwan' layout suggested in July.
SORA has hinted: Connecting multiple countries in Asia to enter Bitcoin reserves.
Before the cooperation in Taiwan was officially revealed, SORA co-CEO Jason Fang hinted at 'Next: Taiwan' on social media on July 21, attracting significant market attention and discussion. Zhitong's investment in SORA and the signing of a memorandum of cooperation between the two companies demonstrate SORA's determination to actively deploy development in Asia.
Japanese listed company Metaplanet (3350.T) has recently transformed into a focal point in the cryptocurrency industry by introducing Bitcoin reserves, earning the title of 'Japan's MicroStrategy.' Since announcing its full commitment to Bitcoin investment strategies in April 2024, Metaplanet's stock price has seen explosive growth. Not only has it recorded an accumulated increase of nearly 2 times in 2025, but even with recent pullbacks, it remains a strong representative in the Japanese market; calculating from the lowest point since the Bitcoin reserve was initiated in 2024, the maximum increase has even exceeded 40 times (over 4,000%), creating astonishing records in just over a year.
Metaplanet originally was a hospitality operator, now transformed with a 'Bitcoin reserve strategy,' and in a short time expanded its Bitcoin holdings to over 18,000 coins through the issuance of bonds and stocks, becoming one of the leaders in crypto assets in Asia. Driven by the surge in stock prices, the company became a target for domestic and foreign ETFs and large investment institutions, significantly increasing its corporate visibility and activity in the capital market.
Metaplanet, with its relatively small market capitalization, high growth, and unique financial planning, has achieved extremely high ratings and leverage effects in the Japanese investment market, being regarded as a representative enterprise of Bitcoin wealth effects and resistance to the depreciation of the Japanese yen.
Zhitong sets a precedent: Taiwan's listed companies take the lead in adopting Bitcoin reserve strategies.
Zhitong made two major decisions at the board meeting on August 8, marking the official arrival of the era of Bitcoin capital strategy in Taiwan's capital market.
The first item is the signing of a memorandum of understanding with SORA for the subscription of its 3-year convertible bonds, amounting to 2 million dollars, thereby directly linking to the global Bitcoin reserve network and expanding asset application scenarios.
The second item is the acquisition of 100% of Letul Investments Private Limited located in New Delhi, which holds a local NBFC (Non-Banking Financial Company) license, enabling it to legally conduct lending, payment, and digital financial services in India, laying the foundation for Zhitong's entry into emerging markets.
Taiwan's first listed company to step into 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 cooperation between the two means that SORA will enter Taiwan more quickly and legally, 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 amplifies capital and market value as Bitcoin prices rise.
The upward price of Bitcoin will amplify the capital effects and market valuations for both parties.
This investment collaboration is expected to replicate MicroStrategy's capital market effects in the United States in Taiwan. As Bitcoin prices rise, both parties' net asset value (NAV) and earnings per share (EPS) will simultaneously increase, directly driving market valuations.
At the same time, Zhitong can launch innovative services such as cross-border settlement, crypto asset-backed loans, and Web3 payments in the future through the NBFC license obtained in India, opening new growth curves for business revenue. These new businesses resonate with the Bitcoin reserve strategy, further consolidating the company's growth foundation in both assets and cash flow.
Market immediate 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 expanded simultaneously, indicating the market's high recognition and expectation for the company's new strategy.
Observers point out that if Bitcoin continues to maintain a bullish trend, the cooperation 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,' pioneering the integration of capital markets and digital assets.
(The above content is provided by Zhitong Science and Technology Innovation.)
"Zhitong Science and Technology Innovation Board announces investment in SORA! It becomes the first listed company in Taiwan to invest in Bitcoin strategies." This article was first published on (Blockke).
