Sora Ventures announced the launch of a Bitcoin reserve fund, planning to purchase $1 billion in Bitcoin within 6 months

ChainCatcher news, according to Bitcoin Magazine, Sora Ventures announced the launch of a Bitcoin reserve fund during the Taipei Blockchain Week. The fund has secured $200 million in committed capital from partners and investors in the Asia region, with plans to purchase $1 billion worth of Bitcoin in the next 6 months.

This initiative is an important development following 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 act as a central pool of institutional capital, aimed at supporting existing businesses and promoting the establishment of similar reserve funds globally.