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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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Sora Ventures launched Asia's first Bitcoin reserve fund, planning to purchase 1 billion USD worth of Bitcoin in the next 6 months.
PANews September 5 news, according to official sources, Sora Ventures announced during the Taipei Blockchain Week that it plans to raise the first Bitcoin reserve fund in Asia with a scale of 1 billion USD, of which 200 million USD of committed funds come from partners and investors across Asia. The fund aims to purchase 1 billion USD worth of Bitcoin within the next 6 months, increasing investment in existing Bitcoin reserve companies in Asia while establishing a wider network of similar projects outside the region to create synergies with existing reserve companies in Asia. The plan will be led by the management of Sora Ventures, who will spearhead this 1 billion USD reserve fund and work jointly with existing partners in Asia. Additionally, the fund plans to expand the existing leadership team by inviting new institutions to further enhance resources for existing Bitcoin reserve companies in Asia.