PANews, December 2 - According to CryptoSlate, Sora Ventures has launched a $150 million fund aimed at promoting the adoption of Bitcoin-centered financial strategies among publicly listed companies across Asia. The fund seeks to replicate the MicroStrategy model, positioning 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 in 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-centered financial management. This includes tailoring strategies based on the regulatory and market environment of each country. For example, Japan's taxation on unrealized Bitcoin gains presents unique challenges that can be mitigated through the development of strategic corporate frameworks. 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 potential collaborations with a company listed on the Hong Kong Stock Exchange and ongoing negotiations with a candidate company on the Thailand Stock Exchange. Fang highlighted the synergies achievable through networking, where companies adopting Bitcoin financial management can collectively enhance their operational and financial status.
