Sora Ventures to Buy $1B in Bitcoin With New Treasury Fund

Investment firm Sora Ventures announced what it says is Asia’s first dedicated bitcoin (BTC) treasury fund, with plans to buy $1 billion worth of the cryptocurrency in the next six months.The announcement was made during Taipei Blockchain Week, where the firm revealed $200 million in initial commitments from investors across the region.The fund will serve as a central pool of capital for strengthening Asia’s network of bitcoin treasury firms, the company said. A number of companies in the region already manage their own bitcoin treasuries, the largest of which belongs to Tokoy-based Metaplanet (3350) at 20,000 BTC.“This is the first time Asia has seen a commitment of this magnitude toward building a network of bitcoin treasury firms,” Luke Liu, partner…