HomeNEWSSora Ventures unveils Asia’s first-ever Bitcoin Treasury Fund

Sora Ventures unveils Asia’s first-ever Bitcoin Treasury Fund

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Asian-based investment firm Sora Ventures has announced the launch of Asia’s first $1 billion Bitcoin treasury fund. Following the initial announcement made during Taipei Blockchain Week, the firm confirmed the development in a blog post today.  

It’s worth noting that the fund, backed by $200 million commitment from partners and investors across the region, seeks to purchase $1 billion worth of Bitcoin within the next six months. Similarly, this development comes after the emergence of various individual Bitcoin treasury firm from Asia over the years.

Unlike other individual purchasers who hold Bitcoin directly on their own balance sheets, the Sora Ventures treasury fund will act as a central pool of institutional capital. As revealed, the fund is designed to support existing firms and fuel the creation of similar treasuries globally.

The fund also sought to create synergies between regional and international treasuries, bolstering Bitcoin’s role as a reserve asset globally. Led by the Sora Ventures management team, this initiative seeks to onboard new institutional partners thereby increasing resources and expanding the network of Bitcoin treasury companies operating in Asia.

Sora Ventures partners react to the development

Luke Liu, partner at Sora Ventures while reacting to the development emphasized the uniqueness of the initiative. He noted that this is the first time the region has witnessed a commitment as huge as that of Sora Ventures.

Over the years, the US market has witnessed the largest concentration of Bitcoin treasury funds and corporate adoption. However, Asia is now emerging as a serious contender in the realm of institutional Bitcoin investment.

Similarly, Jason Fang, the founder and managing partner at Sora Venture also commented on the significant shift in Bitcoin treasury in Asia. He described the region as one of the most important markets for the development of blockchain technology and Bitcoin. Fang added that this is the first time institution money has come together from local, regional and global stage.

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Dare Ibitoye
Dare Ibitoye
Over the years, Dare has been a committed reporter in the field of cryptocurrencies. He is also interested in researching about the innovative projects within the blockchain space. During his spare time, Dare loves to listen to music and read about technological trends in the contemporary world

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