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14h ago

WiseLink Leads $10 Million Convertible Note Deal to Back Top Win’s Bitcoin Treasury

WiseLink purchased $2 million of three-year notes to fund Top Win’s Bitcoin acquisitions under a cross-border pact that spotlights the smaller company’s liquidity and reporting weaknesses

Taiwan’s first Bitcoin treasury company raises $10m to buy BTC
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Overview

  • WiseLink spearheaded the $10 million financing for Nasdaq-listed Top Win by acquiring $2 million of three-year convertible debt alongside U.S. investor Chad Koehn and four private backers.
  • Top Win intends to use most of the proceeds to buy Bitcoin and may allocate funds to other public companies with Bitcoin treasury strategies, while insisting it will not register as an investment company.
  • The convertible note structure provides WiseLink with principal protection and fixed income as a creditor, plus the option to convert into equity if market conditions and performance warrant.
  • The deal forges a strategic link between Taiwan, Hong Kong and U.S. investors as Top Win pivots from luxury retail to a Bitcoin-centric treasury model under Sora Ventures’ influence.
  • Public filings show WiseLink is profitable with growing revenue, whereas Top Win’s limited liquidity and disclosed material weaknesses in financial reporting raise governance and execution risks.