Sora Ventures, a crypto venture capital firm, has announced plans to raise $1 billion to enhance Bitcoin treasury holdings in Asia. The initiative begins with $200 million from partners and aims to secure an additional $800 million over the next six months. This fund represents a significant commitment towards Bitcoin treasury management in Asia, aiming to create a centralized pool of institutional capital to support and develop Bitcoin treasury firms. Sora Ventures differentiates its approach from existing firms like Metaplanet, focusing on collaboration and supporting the creation of similar institutions. The firm’s founder, Jason Fang, emphasized that this marks a pivotal moment for Asia's institutional engagement with Bitcoin, aiming to align Asia with Western markets in terms of crypto adoption. The initiative comes as global interest in institutional investments in Bitcoin grows, particularly in developed markets. With Bitcoin trading around $110,842, the fund aims to position Asia favorably in the evolving digital asset landscape.

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