On December 2, PANews reported, according to CryptoSlate, that Sora Ventures has launched a $150 million fund aimed at encouraging listed companies across Asia to adopt Bitcoin-centered financial strategies. The fund aims to replicate the MicroStrategy model, using Bitcoin as a primary reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund targets companies listed on major stock exchanges, such as Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is the collaboration between Metaplanet, a company listed on the Tokyo Stock Exchange, and Sora Ventures to implement the MicroStrategy model.
According to a statement, the fund aims to identify and collaborate with companies that can benefit from Bitcoin-centric financial management. This includes tailoring strategies according to the regulatory and market environment of each country. For example, Japan's taxation on unrealized Bitcoin gains presents unique challenges, which can be mitigated by developing a strategic corporate framework. Jason Fang, managing partner at Sora Ventures, emphasized the scalability of the MicroStrategy model. He revealed plans to expand the program to more companies, including a potential collaboration with a company listed on the Hong Kong Stock Exchange, as well as ongoing negotiations with a candidate company for the Thai Stock Exchange. Fang highlighted the synergies that can be achieved through a networked approach, where companies adopting Bitcoin financial management can collectively enhance their operations and financial conditions.
