Crypto-focused venture capital firm Sora Ventures launches $1 billion Bitcoin treasury fund to acquire full allocation within six months. Backed by $200 million in capital commitments from institutional partners across Asia, the fund aims to replicate treasury models globally.

Founder Jason Fang announced the initiative as “Asia’s first $1 billion Bitcoin treasury fund” at Taipei Blockchain Week. Sora Ventures’ approach differs from individual Bitcoin treasury firms in Asia, pooling institutional capital to strengthen Bitcoin’s position as a reserve asset.

Sora Ventures aims to accelerate Bitcoin adoption among corporate treasuries and support Asia’s early Bitcoin pioneers. Recent activity shows rising momentum in Asia’s Bitcoin treasuries, with notable holders like Japan’s Metaplanet and Cango Inc. expanding their Bitcoin holdings.

Japan’s Metaplanet, the region’s largest corporate holder, recently purchased 1,009 BTC, bringing its total to 20,000 BTC valued at approximately $2.2 billion. Other significant holders include Cango Inc. and mining company Bitfufu, according to BitcoinTreasuries.NET.

Read more at Yahoo Finance: Sora Ventures Launches $1 Billion Bitcoin Treasury Fund To Accelerate Corporate Adoption Across Asia