Sora Ventures launches Asia's first Bitcoin reserve fund, intending to purchase $1 billion in Bitcoin within the next 6 months

PANews September 5th news, according to official news, Sora Ventures announced during Taipei Blockchain Week that it plans to raise the first Bitcoin reserve fund in Asia with a scale of US$1 billion, of which US$200 million of the promised funds come from partners and investors across Asia. The fund aims to acquire $1 billion in Bitcoin over the next six months, which will increase investment in existing Bitcoin reserve companies in Asia, while building a broader network of similar projects outside the region to create synergies with existing reserve companies in Asia. The plan will be led by Sora Ventures’ management, who will lead the $1 billion reserve fund and jointly advance it with existing Asian partners. In addition, the fund plans to expand its existing leadership team by inviting new institutions to join, further expanding resources for existing Bitcoin reserve companies in Asia.