Sora Ventures Launches $150 Million Fund for Bitcoin-focused Treasury Strategies
Sora Ventures has recently announced the launch of a $150 million fund with the aim of advancing Bitcoin-focused treasury strategies among listed companies across Asia.
Replicating the MicroStrategy Model
- The fund seeks to replicate the successful MicroStrategy model, leveraging Bitcoin as a primary reserve asset to optimize financial strategies and enhance stakeholder value.
- Targeting companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea.
Success with Metaplanet
One of the first successes of this strategy can be seen with Metaplanet, a Tokyo Stock Exchange-listed firm, which partnered with Sora Ventures to implement the MicroStrategy model. As a result, Metaplanet’s stock surged over 1,000% in 2024, making it the top-performing stock on the Tokyo Stock Exchange.
Country-specific Strategies
- The fund aims to identify and collaborate with companies in different countries to benefit from Bitcoin-centric treasury management.
- Strategies will be tailored to each country’s regulatory and market environments, such as Japan’s unique challenges with taxation on unrealized Bitcoin gains.
Scaling the Initiative
Jason Fang, Managing Partner at Sora Ventures, highlighted the scalability of the MicroStrategy model and plans to expand the initiative to additional companies. This includes a prospective partnership with a Hong Kong Stock Exchange-listed firm and ongoing discussions with a candidate on the Stock Exchange of Thailand.
Broader Mission
- Sora Ventures has invested in over 25 companies within the Bitcoin ecosystem, focusing on layer 1 infrastructure and applications to expand Bitcoin’s utility.
- The firm has also supported educational initiatives, including hosting the largest Bitcoin utility conference in Taipei.
Success and Economic Impact
The success of the MicroStrategy model, characterized by a reported 400% increase in MicroStrategy’s share price driven by Bitcoin’s value, serves as a benchmark for Sora Ventures’ ambitions. Additionally, Metaplanet’s premium further validates the economic impact of this strategy.
Disclaimer: Sora Ventures is a strategic investor in CryptoSlate.
