Sora Ventures announces $1B fund to back Bitcoin treasury firms in Asia

Sora Ventures is launching a $1 billion fund to back Asia-based companies that hold Bitcoin on their balance sheets. The Taiwan-headquartered VC has already secured $200 million in initial commitments and aims to raise the remainder within six months.

• Initial commitments: $200 million secured from regional partners and investors
• Timeline: aim to close remaining $800 million within six months
• Focus: public and private companies in Japan, Hong Kong, Thailand, South Korea, and broader Asia that keep BTC as treasury reserves
• Strategy: investments, acquisitions and convertible-note financing (replicating prior treasury plays)
• Past moves: backed Metaplanet’s 1 billion yen (~$6.6M) BTC purchase (Apr 2024); acquired Moon Inc.; led tender offer for Thai retailer DV8; took controlling stake in BitPlanet
• Rationale: institutionalize bitcoin treasuries regionally and scale a coordinated, Asia-focused treasury playbook

Sora Ventures announced plans to raise up to $1 billion to support and scale companies in Asia that adopt Bitcoin as a balance-sheet asset. The firm says it has already locked in $200 million in initial capital from regional partners and will target the remaining $800 million over the next six months. The fund will back firms that hold BTC on their treasuries—either by direct purchases, convertible-note financing, or via acquisitions of listed companies pivoting to bitcoin reserves.

Jason Fang, Sora’s founder and managing partner, framed the fund as a unifying move: while U.S. and European institutions have rallied around BTC treasuries, Asian efforts remained fragmented. Sora’s approach has been hands-on so far: the firm supported Metaplanet’s large bitcoin purchase in April 2024, acquired Hong Kong’s Moon Inc. after its rebrand, led a consortium to buy Thai retailer DV8 in July, and secured a controlling stake in South Korea’s BitPlanet to accelerate its digital-asset pivot.

By centralizing capital and operational playbooks, Sora aims to replicate and scale these “treasury-first” models across the region—giving listed companies a pathway to hold BTC at scale while providing institutional frameworks for governance and treasury management. The strategy positions Sora Ventures as a regional coordinator for bitcoin treasuries, using acquisitions, strategic investments, and convertible financing to build concentrated BTC exposure inside corporate balance sheets.

Final Thought

If Sora hits its $1 billion target, the fund could fast-track an institutional wave of bitcoin treasuries across Asia—turning scattered, one-off bets into a coordinated, region-wide treasury movement.