Sora Ventures Unveils $1 Billion Bitcoin Treasury Fund to Advance Corporate Crypto Adoption in Asia
During Taipei Blockchain Week, Sora Ventures announced the launch of what it describes as Asia’s first $1 billion Bitcoin treasury fund. The fund, introduced by founder Jason Fang, aims to accelerate Bitcoin adoption among corporate treasuries across the region.
Backed initially by a $200 million capital commitment from institutional partners throughout Asia, Sora Ventures plans to raise the full $1 billion within six months. The fund is designed to serve as a centralized institutional vehicle, consolidating efforts that have previously been fragmented across various Asian markets.
Centralizing Institutional Bitcoin Investment Across Asia
Unlike previous region-specific initiatives, Sora Ventures envisions this fund as a platform to replicate Bitcoin-first treasury strategies on a broader scale. Fang highlighted growing interest in Bitcoin treasury adoption in the US and European markets, contrasting it with Asia’s more dispersed approach.
“This is the first time in history that institutional money has come together, from local to regional, and now to a global stage,” Fang stated during the event. The fund aims to pool institutional capital to support existing Bitcoin treasury holders and stimulate the creation of new ones worldwide.
Additionally, the fund will focus on reinforcing support for early Bitcoin treasury adopters in Asia, fostering synergies between local and international corporate treasuries to enhance Bitcoin’s role as a reserve asset.
Current Landscape of Corporate Bitcoin Holdings in Asia
As of now, Japan’s Metaplanet stands as Asia’s largest corporate Bitcoin holder, recently acquiring 1,009 BTC to bring its total holdings to 20,000 BTC, valued at approximately $2.2 billion based on current prices.
Other significant holders include Cango Inc., with over $570 million in Bitcoin holdings, and Bitfufu, which maintains more than $200 million in BTC assets, according to data from BitcoinTreasuries.NET.
