Sora Ventures Launches Asia's First $1 Billion Bitcoin Reserve Fund

Sora Ventures is launching Asia's first Bitcoin (BTC) Treasury Fund. The fund aims to invest $1 billion (approximately KRW 1.39 trillion) in BTC within six months.

Sora Ventures announced this plan on the 5th at Taipei Blockchain Week. Partners and investors across Asia pledged an initial investment of $200 million (approximately KRW 278.06 billion), bolstering the fund. This fundraising effort comes amidst the emergence of Bitcoin hoarding companies across Asia, including Metaplanet in Japan, Moon in Hong Kong, DV8 in Thailand, and Bitplanet in Korea. Based on these companies' models, Sora Ventures plans to expand its BTC hoarding network both within and outside the region.



“This is the first time a $1 billion reserve fund has been raised in Asia,” said Luke Liu, partner at Sora Ventures. “This will be a turning point in strengthening the Treasury corporate network.”

“Institutional-led treasury investments have been active in the U.S. and Europe, but in Asia, they have been sporadic,” said Jason Pang, CEO of Sora Ventures. “This is the first time that Asian institutions and global funds have come together.”

Sora Ventures has been expanding its BTC hoarding strategy, starting with Japan's Metaplanet last year, followed by acquisitions or investments in Hong Kong's Munsa, Thailand's DV8, and Korea's Bitplanet. The launch of this fund is expected to signal the acceleration of institutional capital inflows across Asia.

KOSDAQ-listed SGA also announced a strategic BTC reserve in collaboration with Sora Ventures and decided to change its name to Bitplanet. Following this news, SGA's stock price, which was trading at 337 won three months ago, soared approximately 757%, closing at 2,890 won on the day.

Reporter Do Ye-ri