Sora Ventures Launches $1 Billion Fund to Support Asia's Bitcoin Reserve Companies

BlockBeats News, September 5th, Crypto VC firm Sora Ventures announced plans to establish a $1 billion fund to invest in Asian Bitcoin reserve companies.

In a press release issued on Friday, Sora Ventures stated that the company plans to raise $1 billion in the next 6 months, having already received $200 million in initial commitment from regional partners and investors. The fund will be allocated to companies based in Asia that hold Bitcoin on their balance sheets. This strategy has gained attention in recent years among publicly traded companies in Japan, Hong Kong, Thailand, and South Korea.