Sora Ventures announced during the Taipei Blockchain Week the launch of the first Bitcoin treasury fund in Asia, backed by initial investment commitments of $200 million.
The fund aims to acquire $BTC worth up to $1 billion over the next six months.
Unlike Asian companies that hold Bitcoin on their balance sheets such as Metaplanet, Moon Inc, and DV8, the Sora fund will operate as an institutional investment hub to support these companies and encourage the issuance of Bitcoin-backed treasury bonds.
The company stated that the fund aims to enhance coordination between regional and international bonds, solidifying Bitcoin as an institutional reserve asset.
The executive team is leading efforts to attract new investors to enhance the bond infrastructure and expand the institutional ecosystem in the region.
Although the leadership in adopting Bitcoin through companies remains American, Asia has begun to emerge as a key hub.
Jason Fang, the founder of Sora, confirmed that this initiative represents the first move of its kind to aggregate institutional capital from Asia and link it globally.
MetaPlanet remains the leading company in Asia, having increased its holdings to 20,000 $BTC , while Weizelink registered as the first Taiwanese company to adopt a Bitcoin bond strategy.