The first Bitcoin Taiwan Toboin treasury is $ 10 million star-news.press/wp

The first Taiwan traded in Bitcoin Treasury, Top Win International, raised $ 10 million to start BTC accumulation efforts.

The luxurious watchmaker who turned into Bitcoin Declare On Friday, it raised $ 10 million from a group of investors led by Zipper products and the Wiselink software. This increase was accompanied by special investments from Chad Cohen, founder and CEO of United Capital Manager in Kansas, along with four other investors.

Wiselink bought three -year convertible notes issued by Top Win. The investment follows the memorandum of understanding between the two companies, which determines a cooperation that has not yet been revealed.

“Tuboin intends to use revenues primarily to buy BTC.”

The advertisement added that Top Win may also invest in Bitcoin Treasury (BTC) as well as Bitcoin. However, the company said it “does not have plans to work as an investment company, get involved in the first place in the field of investment, investment, or trading in securities.”

Related to: The legislator invites Taiwan to bitcoin reserves at the National Congress

The development of the watchmaker

Top Win International is a luxurious watchmaker based in Taiwan, decided to mutate the Bitcoin Treasury strategy in mid -May. Follow the change in the strategy partnership with Sora Ventures, the same company that has partnered with Metaplanet in 2024 to create the first Bitcoin Ministry in Japan.

Top Win has also announced that it will change its name to Asiastrategy, referring to the first company of the Bitcoin Ministry in the world, Strategy, previously known as Microstrategy. However, the latest advertisement indicates the old company name, Top Win International.

Sora Ventures and his administrative partner Jason Fang joined the company’s council and held the position of CO-COO alongside the current CEO of the company. Top Win International shares took an immediate notice, jumping to $ 12.12 in pre -market trading on the day of the May announcement.

Related to: Taiwan imposes a AML registration mandate for encryption services providers

Stock reaction to the BTC strategy

The news raising the capital was received by the market participants on Friday. At the time of writing this report, Top Win International shares have seen an increase in pre -market prices approximately 13 %, trading at $ 5.82.

The price decreased by 51 % from $ 12.12 in pre -marketing trading on the day the company announced its accumulation of Bitcoin. However, the stock increased by 52 % on an annual basis.

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