Sora Ventures launches $150 million fund to drive Asian listed companies to adopt Bitcoin financial strategy

According to CryptoSlate, Sora Ventures has launched a $150 million fund aimed at promoting Bitcoin centric financial strategies among listed companies across Asia. The fund aims to replicate MicroStrategy's model by using Bitcoin as the 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 was the collaboration between Metaplanet, a listed company 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 financial management centered around Bitcoin. This includes tailoring strategies based on the regulatory and market environment of each country. For example, Japan's taxation of unrealized Bitcoin profits presents some unique challenges that can be alleviated by developing strategic corporate frameworks. Jason Fang, Managing Partner of Sora Ventures, emphasized the scalability of the micro strategy 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 Thai stock exchange candidate company. Fang emphasized the collaborative benefits that can be achieved through networking, where companies that adopt Bitcoin financial management can collectively improve their operations and financial conditions.