Sora Ventures Launches $150 Million Fund to Promote Bitcoin Financial Strategies for Asian Public Companies
on December 2nd, CryptoSlate reported that Sora Ventures has launched a $150 million fund aimed at promoting the use of bitcoin-based financial strategies by listed companies throughout Asia. The fund aims to replicate MicroStrategy's model by using bitcoin as the primary reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund is targeting companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is the cooperation between Metaplanet, a company listed on the Tokyo Stock Exchange, and Sora Ventures, which implemented the MicroStrategy model.
According to a statement, the fund aims to identify and collaborate with companies that can benefit from bitcoin-centered financial management. This includes tailoring strategies to the regulatory and market environment in each country. For example, Japan's taxation of unrealized bitcoin gains presents some unique challenges, which can be mitigated by developing strategic corporate frameworks. Sora Ventures managing partner Jason Fang emphasized the scalability of the MicroStrategy model. He revealed plans to expand the program to more companies, including potential collaborations with a Hong Kong Stock Exchange-listed company and negotiations with a candidate company for the Thailand Stock Exchange. Fang highlighted the synergies that can be achieved through networked collaboration, where companies using bitcoin financial management can collectively improve their operations and financial status.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hedera Token Sees $2B Trading Spike Amid 5% Rally
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.