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Sora Ventures Launches $150 million Fund to Push Asian Listed Companies to Adopt Bitcoin Financial Strategies

On December 2nd, according to CryptoSlate, Sora Ventures has launched a $150 million fund that aims to promote the adoption of bitcoin-centric financial strategies by listed companies across Asia. The fund aims to replicate the MicroStrategy model, using bitcoin as a primary reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund is targeting companies listed on major stock exchanges such as Japan, Hong Kong, Thailand, Taiwan and South Korea. The first success story of this strategy is that Tokyo Stock Exchange-listed company Metaplanet partnered with Sora Ventures to implement the MicroStrategy model. According to a note, the fund aims to identify and partner with companies that could benefit from bitcoin-centric financial management. This includes tailoring strategies to each country's regulatory and market environment. For example, Japan's taxation of unrealized bitcoin gains poses some unique challenges that can be mitigated by developing a strategic corporate framework. Jason Fang, Managing Partner at Sora Ventures, highlighted the scalability of the microstrategy model. He revealed plans to expand the program to more companies, including a potential partnership with a Hong Kong Stock Exchange-listed company, and ongoing negotiations with a Thai Stock Exchange candidate. Fang emphasized the synergies that can be achieved through a networked approach, where companies that adopt bitcoin financial management can collectively improve their operations and financial health.