Markets.News
Sora Ventures, a venture capital firm focused on crypto investments, has recently introduced a $1 billion Bitcoin treasury fund. Founder Jason Fang disclosed this news at Taipei Blockchain Week, stating that this initiative marks Asia's first of its kind. The fund aims to acquire the entire $1 billion worth of Bitcoin within a period of six months. Notably, the fund has already secured $200 million from institutional partners in the region. This development puts Sora Ventures ahead of other Asian companies like Japan's Metaplanet and Hong Kong's Moon Inc. that run their own Bitcoin treasury firms. More details on this news can be found on Benzinga.com.