Overview

• Sora Ventures introduced the fund with $200 million in initial commitments from regional partners and investors.
• The vehicle plans to purchase $1 billion worth of bitcoin within six months, according to the company’s announcement.
• The fund is structured as a centralized pool to support existing treasury firms and help establish similar models across markets.
• Sora’s effort builds on its involvement with Metaplanet in Japan as well as Moon Inc. in Hong Kong, DV8 in Thailand, and BitPlanet in South Korea.
• Separately reported developments include Metaplanet securing shareholder approval to raise capital for additional BTC purchases and surpassing 20,000 BTC in holdings.