‘Asia’s First Bitcoin Treasury Fund’ Sora Launches With $1,000,000,000 BTC Investment
New data reveals that Asia’s first Bitcoin (BTC) treasury fund is launching with a massive $1 billion investment in Bitcoin. According to a recent company press release, Sora Ventures – a Taiwanese crypto venture capitalist firm – is planning on launching the treasury within six months, with plans to purchase a staggering nine-figure worth of the crypto king to start. Sora says that with the creation of this treasury, it plans to foster “synergies” between national and international treasuries as well as solidify the top crypto asset by market cap’s role as a reserve asset across all markets. As stated by Luke Liu, partner at Sora Ventures, “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.” According to Jason Fang, founder and Managing Partner at Sora Ventures, the trea...