Sora Ventures reveals the first Bitcoin Ministry’s fund in Asia with a billion dollar purchase plan star-news.press/wp

Sora Ventures, an investment company based in Taiwan, revealed the first Bitcoin Fund (BTC) in Asia. The company plans to publish the fund’s revenues to buy BTC during the next six months.

Sora Ventures launches a huge box for Bitcoin

Speaking at the Taipei Blockchain Week, Sora Ventures Declare Its goal of collecting up to one billion dollars for BTC acquisitions during the next six months. The company has already received $ 200 million of primary obligations from regional partners.

The new Sura Fund follows the direction of the individual cabinet companies for bitcoin, which has gained importance in Asia during the past year or so, such as MetaplanetHong Kong’s Moon Inc. Thai DV8, and South Korea -based Bitplanet, to name a few.

However, unlike the above -mentioned companies – which are held directly on its public budgets – the Treasury Fund in Sura will work as a central group of institutional capital. The double purpose is to support the current Treasury companies Bitcoin and enhance the development of similar entities all over the world.

The fund seeks to place Bitcoin as a global backup asset by creating synergy between the Asian and international treasury players. To achieve this, the Sura Management Team plans to move on additional institutional partners.

Sura’s strategy emphasizes the shift in the adoption of Bitcoin from North America towards Asia. While companies like strategy – formerly Microstrategy – have it Lead BTC’s adoption in North America, Asia has increasingly became a pivotal point. Jason Fang, founder and management partner, commented in Sora Vinths,

Asia was one of the most important markets for the development of Blockchain technology and Bitkeen. We have seen an increase in attention from institutions that invest in bitcoin bonds in the United States and the European Union, while Asia’s efforts were relatively fragmented. This is the first time in the history of institutional funds, from local to regional, and now to a global stage.

It is worth noting that Sora Ventures had previously supported this trend. In 2024, the company in Metaplanet invested to support its allocation of $ 6.5 million, and earlier this year, it acquired MOON Inc. DV8.

Will BTC rise in the coming months?

Sora’s announcement of the purchase of nearly $ 1 bitcoin has restored the bullish feelings, as many expect its highest level ever. To remember, the last peak in BTC amounted to $ 124.128 on August 14.

Meanwhile, the total BTC Holdings for the companies listed in the public list recently They exceeded 1 million BTC, with highlighting the growing institutional confidence in the original as a value store. With the Sora Initiative, this number is expected to rise more.

In addition to momentum, modern reports Suggest This institutional adoption is accelerating quickly so that bitcoin mines struggle to meet the demand. At the time of the press, BTC is trading at 110,852 dollars, an increase of 1.3 % in the past 24 hours.

Distinctive photo of Unsplash.com, plans from TradingView.com

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