According to TechFlow, on December 2, CryptoSlate reported that Sora Ventures launched a $150 million fund to promote Asian listed companies to adopt financial strategies centered on Bitcoin. The goal of the fund is to replicate the MicroStrategy model, using Bitcoin as the main reserve asset to optimize financial strategies and enhance shareholder value.
According to the announcement, the fund will focus on companies listed on major stock markets such as Japan, Hong Kong, Thailand, Taiwan and South Korea. The first successful case of this strategy is embodied in Metaplanet. Metaplanet is a Tokyo Stock Exchange listed company that has worked with Sora Ventures to implement the MicroStrategy model. The fund aims to work with companies that can benefit from Bitcoin-centric financial management. These strategies will be tailored to the regulatory and market environment of each country. For example, Japan's tax policy on unrealized Bitcoin gains poses unique challenges that can be mitigated through a strategic corporate framework.
Jason Fang, the managing partner of Sora Ventures, emphasized the scalability of the MicroStrategy model. He revealed plans to expand this initiative to more companies, including plans to collaborate with a Hong Kong-listed company and is in talks with candidate companies from the Stock Exchange of Thailand.
