Sora Ventures announced the launch of a new $150 million fund to help listed companies in Asia develop treasury-based strategies that focus on Bitcoin.
Fund aims to mimic MicroStrategy, using Bitcoin as the primary reserve currency to enhance value for stakeholders and optimize financial strategies. According to the announcement, the fund will focus on companies listed in major stock exchanges such as Japan, Hong Kong Thailand Taiwan and South Korea.
Metaplanet a Tokyo Stock Exchange company, has implemented the MicroStrategy Model in partnership with Sora Ventures.
The results were pronounced as Metaplanet’s stock surged over 1,000% in 2024, making it the top-performing stock on the Tokyo Stock Exchange. This achievement highlights the viability of Sora Ventures’ approach, which integrates traditional financial expertise with Bitcoin’s transformative potential.
A note sent to CryptoSlate explains that the fund’s goal is to collaborate and identify companies who can gain from Bitcoin-centric Treasury Management. This involves structuring strategies tailored to each country’s regulatory and market environments. For instance, Japan’s taxation on unrealized Bitcoin gains presents unique challenges that can be mitigated through strategic corporate frameworks.
Jason Fang is the managing partner at Sora Ventures. He stressed the scaleability of MicroStrategy. He announced plans to broaden the scope of the MicroStrategy initiative, which includes an upcoming partnership with Hong Kong Stock Exchange and ongoing conversations with candidates on the Stock Exchange of Thailand.
Fang highlighted synergistic advantages that can be achieved through a “networked” approach. Companies adopting Bitcoin treasuries will collectively improve their operations and financial position.
The fund’s broader mission extends beyond corporate adoption. Sora Ventures has invested in over 25 companies within the Bitcoin ecosystem, focusing on layer 1 infrastructure and applications to expand Bitcoin’s utility. In addition, Sora Ventures has invested in educational initiatives including the hosting of the largest Bitcoin Utility Conference in Taipei. This shows its commitment to drive adoption and market trust.
The MicroStrategy model’s success, characterized by a reported 400% increase in MicroStrategy’s share price driven by Bitcoin’s value, serves as a benchmark for Sora Ventures’ ambitions. Metaplanet’s more pronounced premium—approximately five times its Bitcoin holdings—further validates the economic impact of this strategy.
Disclaimer: Sora Ventures has invested in CryptoSlate as a strategic partner.
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