- Asian crypto fund Sora Ventures is establishing a US$1 billion Bitcoin treasury fund with the goal of accumulating the full amount within six months.
- The fund has already secured US$200 million in anchor commitments from regional institutions and is designed to support existing firms with Bitcoin treasuries and to seed new ones.
- This initiative aims to solidify Bitcoin as a reserve asset across Asian markets and will first “reinforce Asia’s early Bitcoin treasury pioneers” before expanding globally.
Asian crypto fund Sora Ventures will assemble a US$1B (AU$1.50B) Bitcoin treasury within six months, as the firm’s founder, Jason Fang, unveiled at Taipei Blockchain Week, in a session titled: “Introducing BTC Strategy into Major Asia Equity Markets”.
The company said it has US$200M (AU$300M) in anchor commitments from regional institutions and they seek to use institutional capital to buy BTC at scale on a defined timeline.
Several Asia-based companies already manage Bitcoin on their balance sheets, most notably Tokyo-based Metaplanet, the largest regional holder with about 20,000 BTC. The company recently won shareholder approval to restructure its capital base, allowing it to secure multi-billion-dollar fundraising aimed at buying more Bitcoin.
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Key operational details were not disclosed. Public terms are basically the target size, the six-month accumulation window, and the US$200M anchor commitment.
An Asian Pioneer
However, Fang did shed some light on the initiative. He described the fund as a pool of institutional capital that supports existing firms with treasury conversions and seeds the creation of similar treasuries worldwide. It will first “reinforce Asia’s early Bitcoin treasury pioneers”, then expand outward.
Asia has been one of the most important markets for the development of blockchain technology and Bitcoin. We have seen a rise in interest from institutions investing in Bitcoin treasuries in the U.S. and EU, while in Asia efforts have been relatively fragmented. This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.
Jason Fang, Founder and Managing Partner.The firm also wants to create operational links between local and international treasuries so they can source liquidity, share processes, and standardise governance. The goal is to entrench Bitcoin as a reserve asset across markets.
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