PANews reported on December 2 that according to CryptoSlate, Sora Ventures has launched a $150 million fund to promote Bitcoin-centric financial strategies for listed companies across Asia. The fund aims to replicate MicroStrategy's model, using Bitcoin as the main 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 that Metaplanet, a Tokyo Stock Exchange-listed company, cooperated with Sora Ventures to implement the MicroStrategy model.
According to a note, the fund aims to identify and partner with companies that can benefit from Bitcoin-centric financial management. This includes tailoring strategies to each country's regulatory and market environment. For example, Japan's taxation of unrealized Bitcoin gains poses some unique challenges that can be mitigated by developing a strategic corporate framework. Jason Fang, managing partner of Sora Ventures, emphasized the scalability of the MicroStrategy model. He revealed plans to expand the program to more companies, including a potential partnership with a Hong Kong Stock Exchange-listed company and ongoing negotiations with a Thailand Stock Exchange candidate. Fang emphasized the synergistic benefits that can be achieved through a networked approach, where companies adopting Bitcoin financial management can jointly improve their operations and financials.
