6 days ago
Top Win International, listed connected Nasdaq arsenic SORA, has secured $10 cardinal from a radical of investors led by WiseLink. This marks the archetypal clip a Taiwanese nationalist institution has invested successful a Bitcoin treasury-focused firm.
According to the companies, the woody was executed done a three-year convertible enactment and is portion of WiseLink’s “Bitcoin + Cross-Border Finance” initiative.
The Hong Kong-based Top Win, traditionally engaged successful the trading, distribution, and retail of luxury watches, began shifting toward integer assets successful May 2025 done a concern with Sora Ventures.
The company’s strategy includes holding Bitcoin connected its equilibrium expanse and investing successful different publically listed companies with akin treasury models. That pivot followed its April 2025 nationalist listing and ticker alteration from TOPW to SORA.
WiseLink, traded connected the Taiwan Stock Exchange nether 8932, operates fintech services successful India and develops SaaS solutions, maintaining a semipermanent concern with smartphone shaper OPPO.
The company’s concern successful Top Win establishes a strategical superior and exertion collaboration aimed astatine integrating Bitcoin treasury absorption with cross-border fiscal operations. Top Win stated it volition usage the funds chiefly to get Bitcoin, with imaginable allocations toward listed companies pursuing Bitcoin treasury strategies, and for moving capital.
Top Win’s earlier moves included acquiring stakes successful HK Asia Holdings and Metaplanet, the second holding astir 7,800 BTC valued astatine astir 800 cardinal dollars. Metaplanet’s shares person gained implicit 3,600% successful the past year, and HK Asia Holdings delivered a fifteenfold summation successful stock worth aft adopting a Bitcoin treasury approach.
These investments align with Sora Ventures’ goal of deploying a $150 cardinal money to backmost astatine slightest 10 nationalist companies with Bitcoin holdings by the extremity of 2025.
Jason Fang, co-founder of Sora Ventures, was appointed president and co-chief enforcement of Top Win successful precocious May, a enactment alteration intended to thrust the company’s blockchain and integer plus strategy. The institution plans determination enlargement successful markets including Thailand, Taiwan, and South Korea, aiming to standard its Bitcoin-centric superior allocation model.
The convertible enactment financing with WiseLink adds a cross-border constituent to the strategy, linking Taiwan’s nationalist markets to Hong Kong’s listed integer plus initiatives. While the note’s circumstantial terms, including conversion terms and maturity details, person not been disclosed, the operation positions some companies to align semipermanent superior deployment with their stated Bitcoin treasury goals.
The woody expands Top Win’s capableness to execute its treasury allocation plans portion exposing WiseLink to a hybrid retail and integer plus platform.
Top Win emphasized that it does not mean to run arsenic an concern institution nether U.S. securities law, and that each activities volition comply with applicable regulatory requirements.
The transaction, which closed earlier the August 15 announcement, represents different measurement successful the company’s modulation from a accepted luxury goods concern to an entity balancing carnal retail operations with Bitcoin-focused superior strategies.
[Disclosure: Sora Ventures is an capitalist successful CryptoSlate.]
The station Taiwan’s archetypal Bitcoin treasury capitalist bets $10 cardinal connected Nasdaq’s SORA appeared archetypal connected CryptoSlate.
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