The $150 million fund is a blueprint for Asian companies to integrate Bitcoin as a financial reserve, mirroring MicroStrategy’s model.
Sora Ventures, a leading blockchain-focused investment firm, has unveiled a $150 million fund to drive Bitcoin BTC $94 982 24h volatility: 0.2% Market cap: $1.89 T Vol. 24h: $22.67 B treasury adoption among publicly listed companies in Asia.
According to a Monday report by CryptoSlate, the newly launched fund was inspired by MicroStrategy, a US-based business intelligence firm which leverages Bitcoin as a primary reserve asset to optimize financial strategies and enhance shareholder value.
Adapting to Regional Financial Landscapes
The fund is designed to target firms listed on major stock exchanges across different countries in Asia including Japan, Hong Kong, Thailand, Taiwan, and South Korea.
Sora Ventures plans to adapt its Bitcoin treasury strategies to suit the regulatory and economic conditions unique to each country. For example, in Japan, companies face a tax on unrealized Bitcoin gains, meaning they are taxed on Bitcoin’s value increases even if they have not sold the crypto asset. According to the firm, this creates financial challenges, which it aims to address through innovative solutions, such as structuring corporate frameworks to optimize tax efficiency.
Jason Fang, the Managing Partner at the company, said that Sora is already in talks with some publicly listed companies in Japan to introduce its Bitcoin strategy into the market. Additionally, the firm is planning to expand beyond the Japanese market to other regions like Thailand and Hong Kong.
Companies like Metaplanet, a Tokyo Stock Exchange-listed company, are already benefiting from Sora’s bitcoin-focused treasury strategies in Asia. Thanks to the initiative, Metaplanet commands the largest bitcoin portfolio across Asia. The partnership resulted in a staggering 1,000% increase in Metaplanet’s stock value in 2024, marking it as the top-performing stock on the Tokyo exchange.
Expanding Bitcoin’s Role Beyond Treasury Management
Apart from corporate adoption, Sora has invested in over 25 blockchain projects, focusing on layer-1 infrastructure and applications to enhance Bitcoin’s utility. The firm has also hosted significant educational events, including Asia’s largest Bitcoin utility conference in Taipei, to foster broader adoption and market confidence.
Founded in 2018, Sora has been instrumental in supporting blockchain innovation across various sectors, including gaming, non-fungible tokens (NFTs), and decentralized finance.
The firm has also collaborated with startups, academic institutions, and tech hubs to push the boundaries of blockchain technology, making it a key player in shaping the future of Web3.
While Sora Ventures is leading the charge in Asia’s Bitcoin treasury adoption, it’s not alone in the institutional crypto space. Last year, Nomura’s digital asset arm launched a fund targeting institutional investors. This initiative offered a secure gateway for high-net-worth investors to explore Bitcoin.
Earlier this year, in September, a former Brevan Howard investor relations manager introduced a hedge fund designed to profit from Bitcoin lending. According to him, the move aligns with the increasing demand for crypto-backed financial services, highlighting the monetization potential of Bitcoin in institutional strategies.
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