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Sora Ventures Announces Launch of Bitcoin Reserve Fund, Plans to Purchase $1 Billion in Bitcoin Within 6 Months
Summary: According to Bitcoin Magazine, Sora Ventures announced the launch of a Bitcoin reserve fund during the Taipei Blockchain Week. The fund has received commitments of $200 million from partners and investors in Asia, with plans to purchase $1 billion worth of Bitcoin in the next 6 months. This move follows significant developments from Asian Bitcoin ...
According to Bitcoin Magazine, Sora Ventures announced the launch of a Bitcoin reserve fund during the Taipei Blockchain Week. The fund has received commitments of $200 million from partners and investors in Asia, with plans to purchase $1 billion worth of Bitcoin in the next 6 months. This move follows significant developments from 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 holding Bitcoin directly on their balance sheets, Sora Ventures' reserve fund will serve as a central pool for institutional funds, aiming to support existing businesses and promote the establishment of similar reserve funds globally.
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Link: Sora Ventures Announces Launch of Bitcoin Reserve Fund, Plans to Purchase $1 Billion in Bitcoin Within 6 Months [Copy]
