Sora Ventures Launches $1 Billion Bitcoin Treasury Fund
Crypto venture capital firm Sora Ventures has announced a substantial $1 billion Bitcoin treasury fund, intending to acquire the entire amount within a span of six months.
During the Taipei Blockchain Week on Friday, Sora Ventures’ founder Jason Fang revealed what he referred to as “Asia’s first $1 billion Bitcoin treasury fund” during the session titled, Introducing BTC Strategy into Major Asia Equity Markets.
Sora disclosed that the fund is supported by a $200 million capital commitment from institutional partners throughout the region. In an article shared by Fang, the company indicated that it aims to enhance Bitcoin adoption among corporate treasuries.
In contrast to localized initiatives to accumulate Bitcoin (BTC), Sora Ventures envisions this fund as a centralized institutional mechanism that can replicate Bitcoin-first treasury models throughout Asia and beyond.
Fang highlighted the growing interest in Bitcoin treasuries among institutions in the US and EU, while he noted that efforts within Asia have remained disjointed.
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“This is the first time in history that institutional money has come together, from local to regional, and now to a global stage,” he stated.
The announcement indicated that the treasury fund will act as a pool of institutional capital aimed at supporting existing firms and stimulating the development of similar treasuries on a global scale.
Furthermore, the company emphasized its commitment to bolster support for the early Bitcoin treasury pioneers in Asia while also looking to expand outward. It stated that it would foster collaborations between local and international treasuries to reinforce Bitcoin’s position as a reserve across various markets.
As of this writing, Japan’s Metaplanet holds the title for Asia’s largest corporate Bitcoin holder. The company acquired 1,009 BTC on Monday, raising its total holdings to 20,000 Bitcoin, valued at approximately $2.2 billion at current market rates.
Data from BitcoinTreasuries.NET reveals that some of the prominent BTC holders in Asia include Cango Inc., with over $570 million in BTC, and Bitfufu, which possesses more than $200 million in Bitcoin.
