Sora Ventures introduced the first Bitcoin treasury fund in Asia. The announcement was made today. The fund, supported by a $200 million commitment from partners and investors throughout the region, intends to acquire $1 billion in Bitcoin over the next six months, as stated in a press release.
Following the rise of individual Bitcoin treasury companies in Asia in recent years, this new fund follows in their footsteps. While those companies hold bitcoin directly on their own balance sheets, the Sora Ventures treasury fund will serve as a central pool of institutional capital aimed at supporting these existing firms and driving the establishment of similar treasuries worldwide. By focusing on Asia’s early Bitcoin treasury pioneers and broadening its reach, the fund seeks to foster connections between regional and global treasuries, enhancing Bitcoin’s position as a reserve asset in various markets. Under the guidance of Sora Ventures’ management team, this initiative aims to attract new institutional partners, enhancing resources and expanding the network of Bitcoin treasury companies in Asia.
Luke Liu, highlighted the distinctiveness of the initiative, asserting, “This is the first time that Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms, with capital commitment towards Asia’s first $1 billion treasury fund.” Historically, the largest Bitcoin treasury funds and corporate adoption have been focused in the U.S. market. Currently, Asia is establishing itself as a formidable player in the realm of institutional Bitcoin investment. Jason Fang emphasized the transition: “Asia has been one of the most important markets for the development of blockchain technology and Bitcoin.” There has been an increase in institutional interest in Bitcoin treasuries in the U.S. and EU, whereas efforts in Asia have been somewhat disjointed. This marks a historic moment where institutional funds have united, transitioning from local to regional, and now reaching a global level.
In 2024, Sora Ventures made an investment, which is recognized as Japan’s first Bitcoin treasury, backing its allocation of ¥1 billion to bitcoin. As Asia’s institutional landscape increasingly embraces Bitcoin, the establishment of a new $1 billion fund marks a crucial advancement in the mainstream acknowledgment of Bitcoin as a treasury reserve asset in global markets.