Sora Ventures Launches Asia’s First Billion Dollar Bitcoin Treasury Fund
Sora Ventures, a venture firm based in Taiwan, has just announced a billion-dollar Bitcoin treasury fund. It’s being described as the first of its kind in Asia and marks a new chapter for Bitcoin adoption across the region. Until now, most of the major Bitcoin treasury moves have come from the US or Europe. This.. The post Sora Ventures Launches Asia’s First Billion Dollar Bitcoin Treasury Fund appeared first on 99Bitcoins.
Sora Ventures, a venture firm based in Taiwan, has just announced a billion-dollar Bitcoin treasury fund. It’s being described as the first of its kind in Asia and marks a new chapter for Bitcoin adoption across the region. Until now, most of the major Bitcoin treasury moves have come from the US or Europe. This fund changes that dynamic and gives Asia its own strong entry into the mix.
Initial Backing and Ambitious Outlook
The fund is already off to a solid start. Sora Ventures has raised $200 million from investors across the region and plans to bring in the remaining $800 million over the next six months. The goal is to use that capital to help companies across Asia build and hold Bitcoin reserves. For many firms, this could be the first real opportunity to treat Bitcoin as a core financial asset rather than just something speculative.
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