TechFlow news, on December 2, according to CryptoSlate, Sora Ventures has launched a $150 million fund aimed at driving Asian-listed companies to adopt Bitcoin-centric financial strategies. The fund seeks to replicate the MicroStrategy model by using Bitcoin as a primary reserve asset to optimize financial strategy and enhance shareholder value.
According to the announcement, the fund will focus on companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is demonstrated by Metaplanet, a company listed on the Tokyo Stock Exchange that previously partnered with Sora Ventures to implement the MicroStrategy model. The fund aims to collaborate with companies that can benefit from Bitcoin-centered financial management. These strategies will be tailored according to each country's regulatory and market environment. For example, Japan presents unique challenges regarding tax treatment of unrealized Bitcoin gains, which can be mitigated through strategic corporate structuring.
Jason Fang, Managing Partner at Sora Ventures, emphasized the scalability of the MicroStrategy model. He revealed plans to expand this initiative to more companies, including partnering with a Hong Kong-listed firm and ongoing discussions with candidates listed on the Thailand Stock Exchange.
