Taiwan-based crypto venture capital firm Sora Ventures has unveiled plans for a $1 billion fund dedicated to investing in Asian companies adopting bitcoin as a treasury asset. The firm has already secured $200 million in initial commitments from regional partners and investors, with the goal of reaching the full amount within six months.
Fueling Bitcoin Treasury Growth in Asia
The fund will target firms across Asia that hold bitcoin on their balance sheets—a practice that has gained momentum in recent years among listed companies in Japan, Hong Kong, Thailand, and South Korea. While U.S. and European firms have led the charge in corporate bitcoin adoption, Sora Ventures aims to unify and accelerate similar efforts in Asia.
“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,” said Jason Fang, founder and managing partner of Sora Ventures. “This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.”
Expanding Through Acquisitions and Partnerships
The initiative builds on Sora Ventures’ recent acquisitions and investments in companies pivoting toward bitcoin strategies.
- Japan: In April 2024, the firm invested in Metaplanet, helping facilitate the company’s ¥1 billion (about $6.6 million) bitcoin purchase.
- Hong Kong: Earlier this year, Sora acquired Moon Inc. (formerly HK Asia Holdings), which has since shifted focus to bitcoin and Web3 ventures.
- Thailand: In July, Sora led a consortium that acquired electronics retailer DV8 through a tender offer, aiming to replicate Metaplanet’s model in Southeast Asia.
- South Korea: That same month, Sora and its partners secured a controlling stake in BitPlanet to support its expansion into digital assets.
Building Institutional Confidence in Bitcoin
With this latest fund, Sora Ventures is betting that bitcoin will increasingly become part of corporate balance sheets across Asia, mirroring trends in other regions. By pooling institutional capital and directing it toward treasury-focused firms, the venture capital firm hopes to accelerate adoption and build a more unified regional strategy.
