Sora Ventures Rolls Out $150M Fund to Boost Bitcoin-Focused Treasury Strategies in Asia

by

As a seasoned researcher with a keen interest in blockchain technology and its impact on traditional finance, I find the recent move by Sora Ventures to be nothing short of revolutionary. Having closely followed the trajectory of Bitcoin’s adoption among publicly listed companies, I can confidently say that this new $150 million fund is poised to redefine the financial landscape in Asia.

Sora Ventures, a prominent company specializing in investments within the blockchain sector, has revealed a new funding initiative worth $150 million. This endeavor aims to promote the incorporation of Bitcoin (BTC) reserves among publicly traded Asian corporations.

As mentioned in a report published on Monday, the recently established fund is modeled after MicroStrategy, an American company specializing in business intelligence that utilizes Bitcoin as a principal reserve asset to improve financial planning and boost shareholder worth.

Adapting to Regional Financial Landscapes

The investment vehicle aims at focusing on companies that are publicly traded on significant stock markets in various Asian nations such as Japan, Hong Kong, Thailand, Taiwan, and South Korea.

Sora Ventures intends to modify its Bitcoin savings strategies to fit the specific laws and economic landscapes of each nation. For instance, businesses in Japan encounter a tax on unrealized Bitcoin profits, meaning they are taxed on the rise in value of Bitcoin even if they haven’t sold the digital currency. The firm finds this situation financially challenging and seeks to alleviate it by devising innovative methods, such as setting up corporate structures to maximize tax efficiency.

Jason Fang, who serves as the Managing Partner at the company, shared that Sora has initiated discussions with several publicly-traded Japanese companies to launch their Bitcoin approach within the market. Furthermore, they aim to broaden their horizons, venturing into new territories such as Thailand and Hong Kong.

Companies such as Metaplanet, which is publicly traded on the Tokyo Stock Exchange, have already seen benefits from Sora’s bitcoin-centric treasury strategies in Asia. Through this initiative, Metaplanet has amassed the largest bitcoin portfolio across Asia. This partnership led to a remarkable surge of 1,000% in Metaplanet’s stock value in 2024, making it the top-performing stock on the Tokyo Stock Exchange that year.

Expanding Bitcoin’s Role Beyond Treasury Management

Beyond just corporate partnerships, Sora has poured resources into over 25 blockchain projects, primarily focusing on the foundation (layer-1) of these systems and applications that can increase Bitcoin’s practicality. The company has also organized substantial educational events such as Asia’s largest Bitcoin application conference in Taipei to promote broader acceptance and market trust.

Established in 2018, Sora has played a significant role in fostering advancements in the field of blockchain technology, particularly in areas such as gaming, NFTs, and decentralized finance.

The company is additionally working alongside start-ups, educational establishments, and technological centers to extend the limitations of blockchain technology, positioning itself as a major influencer in determining the direction of Web3’s future.

While Sora Ventures is spearheading the movement towards Bitcoin treasury adoption in Asia, they’re not the only player in the institutional cryptocurrency sector. Last year, Nomura established a digital asset fund aimed at institutional investors. This venture provided a secure route for wealthy investors to delve into Bitcoin exploration.

Back in September of this year, a previous Brevan Howard investor relations manager unveiled a hedge fund focused on earning profits through Bitcoin lending. He stated that this action reflects the growing interest in cryptocurrency-based financial services, emphasizing the potential for Bitcoin to generate income within institutional investment strategies.

Read More

2024-12-03 00:57