#NewsAboutCrypto
☺️ Asia’s First Bitcoin Treasury Fund Launched!
Sora Ventures announced at the Taipei Blockchain Week that it has launched Asia’s first Bitcoin Treasury Fund with an initial commitment of $200 million.
⚡️ The fund’s goal: to buy $1 billion worth of Bitcoin over the next 6 months
Unlike the typical model in Asia where companies hold Bitcoin directly on their balance sheets, the fund will act as an institutional capital hub to create synergies between regional and international treasuries and strengthen Bitcoin’s role as a reserve asset.
⚡️ While the most institutional adoption of Bitcoin has so far been seen in the US, this move shows that Asia is also becoming a serious player in global markets.
🐶 Jason Fung, founder of Sora Ventures: “This is the first time that institutional capital has come together from the local to the regional and now the global level.”
