The Asian cryptocurrency market is entering a new era as the venture capital fund Sora Ventures (based in Taiwan) announces plans to establish a 1 billion USD Bitcoin fund to support Asian companies holding Bitcoin as treasury assets. This is a strategic move aimed at driving a wave of Bitcoin acceptance at the institutional level across the region. #Asia
Promoting the adoption of Bitcoin across Asia
With the goal of raising an additional 800 million USD in the next six months, the fund of #SoraVentures will be a "concentrated capital source of organizations," designed to support companies that have had and are implementing strategies to accumulate Bitcoin, while promoting the establishment of similar treasuries globally. Instead of only investing individually like other funds, Sora Ventures wants to build a network connecting businesses, creating synergies for the Bitcoin asset treasury movement.
Asia is catching up with the West
The establishment of this billion-dollar fund is an important milestone, showing that Asia is striving to catch up with Western markets, where companies like Strategy (formerly MicroStrategy) have pioneered in accumulating Bitcoin. Sora Ventures has taken solid steps in this regard, from investing in Metaplanet - the largest Bitcoin holding company in Asia, to acquiring businesses in Thailand, Hong Kong, and South Korea to replicate the Bitcoin treasury model. This is clear evidence of the strong shift of institutional capital into Bitcoin occurring worldwide, affirming Bitcoin's position as a strategic reserve asset of the new era. #anhbacong
