According to Bitcoin Magazine, Sora Ventures has announced the launch of a Bitcoin Reserve Fund. The fund has received $200 million in committed funding from partners and investors in Asia, and plans to buy $1 billion worth of bitcoin in the next six months.
The move reportedly follows on from Asian bitcoin reserve companies such as Japan's Metaplanet, Hong Kong's Moon Inc., Thailand's DV8, and South Korea's BitPlanet. Unlike these companies that hold bitcoin directly on their balance sheets, Sora Ventures' reserve fund will serve as a central pool of institutional money, designed to support existing businesses and drive the establishment of similar reserve funds globally.
Sora Ventures plans to buy $1 billion in Bitcoin within 6 months
2025-09-05 07:39:24
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