Sora Ventures

Founded in 2018 by Managing Partner Jason Fang, Sora Ventures is an Asia-based venture capital firm headquartered in Taipei, Taiwan. The firm began as an early-stage investor deploying capital across Web3 infrastructure, decentralized finance, and Bitcoin tooling. Over time, it developed an operator-led model acquiring and restructuring publicly traded companies across Asia to establish balance-sheet Bitcoin reserves.

Investment focus and fund structure

Sora Ventures deployed $28 million through Fund I into more than 70 early-stage crypto startups. Its Fund III target reached $1 billion to back corporate Bitcoin adoption and regional financial plumbing across Japan, South Korea, Thailand, Hong Kong, and Taiwan. The firm holds public-market exposure through AsiaStrategy under the ticker SORA on Nasdaq. Across its affiliated operating entities and listed portfolio companies, it oversees balance sheets holding more than 41,000 BTC.

Portfolio and transactions

Beyond operating public entities, Sora backs venture-stage software teams. It participated in the $1.25 million Pre-Seed round for Bitcoin-backed lending protocol Liquidium in December 2023. Other early-stage ecosystem bets include Saturn Labs, where it took part in an $800,000 round in January 2026, and Satflow. On the corporate side, Sora merged with Top Win to establish AsiaStrategy on Nasdaq in May 2025. In July 2025, a consortium formed by Sora and Tokyo-listed Metaplanet acquired Thai public company DV8 to initiate corporate treasury operations in Thailand. Sora also operates alongside regional public vehicles including Moon Inc. in Hong Kong, Bitplanet in South Korea, and Taiwan-listed Falcon Power Co. Ltd.