Sora Ventures is set to go public this Friday through a merger with TopWin International, a Hong Kong watch distributor now moving into blockchain and Bitcoin (BTC). Instead of launching its own Initial Public Offering (IPO) like eToro , Sora is joining TopWin’s existing public company structure. The move has already excited investors. TopWin’s shares jumped 25% in pre-market trading after the announcement. Sora Ventures Strategic Enters Public Market The digital investment company has chosen a different way to go public. Instead of going public alone, it is merging into TopWin’s already-listed company structure. This move saves time and avoids the high costs of a regular IPO. As part of the deal, Sora’s founder, Jason Fang, will become co-CEO of the company alongside Tony Ngai. Together, they will lead the firm under a new name: AsiaStrategy. TopWin Enters Digital Assets With Help From Sora TopWin, a company known for selling luxury watches, is now changing direction. With guidance from Sora, it’s stepping into the world of digital assets. It wants to adopt a Bitcoin-based treasury strategy and hold the flagship cryptocurrency as a financial reserve asset. Notably, TopWin will still keep its original watch business. TopWin will leverage Sora’s experience in Bitcoin and blockchain to support this new direction. Sora has worked with several public companies to help them add Bitcoin to their balance sheets. Sora Ventures will guide the company’s investment in digital assets and help manage a special fund that focuses on public companies in Asia that use Bitcoin as part of their treasury. Sora Shares New Investment Plans and Bitcoin Focus Sora is a company known for investing early in blockchain projects like decentralized finance (DeFi), Non-Fungible Tokens (NFTs), and GameFi. Lately, it has been focusing more on decentralized science and Bitcoin. In Japan, Sora helped Metaplanet become the first company in the country to use a Bitcoin strategy like the one used by the U.S.-based company Strategy. Sora also worked with UTXO Management to take over HK Asia Holdings Ltd, which is growing its Asian presence. Led by Jason Fang, Sora Ventures now plans to invest $150 million in Asian public companies that use Bitcoin in their business. The goal is to support at least ten companies by the end of the year and help grow the Bitcoin ecosystem in the region. The post Crypto VC Sora Ventures Set to Go Public Via TopWin Merger appeared first on TheCoinrise.com .
