AsiaStrategy mentioned Sora Ventures CEO Jason Fang is now its largest shareholder following a change to the possession of its main shareholder, Pleasure River Restricted.
In keeping with an organization assertion dated Nov. 10, Pleasure River’s cap desk will shift underneath an settlement signed Nov. 7. It’s going to transfer from 70% held by Mr. Ngai Kwan and 30% by Sora Imaginative and prescient Restricted to 49% held by Mr. Ngai, 30% by Sora Imaginative and prescient Restricted, and 21% by Sora Ventures II Grasp Fund.
As Sora Imaginative and prescient Restricted and Sora Ventures II Grasp Fund are aligned with Fang, he holds the biggest efficient curiosity in AsiaStrategy.
The corporate said that the replace doesn’t alter administration, operations, or technique. AsiaStrategy added that it has bought Bitcoin present playing cards to reward VIP watch prospects because it explores hyperlinks between its luxurious watch enterprise and its Bitcoin initiatives.
| Pleasure River Restricted possession | Earlier than | After (pending consummation) |
|---|---|---|
| Mr. Ngai Kwan | 70% | 49% |
| Sora Imaginative and prescient Restricted | 30% | 30% |
| Sora Ventures II Grasp Fund | — | 21% |
AsiaStrategy, which trades on Nasdaq underneath the ticker SORA, pivoted in 2025 from its legacy watch distribution enterprise to a listed Bitcoin treasury and institutional technique automobile in Asia.
The transition adopted a merger path involving High Win, the previous listed entity, and Sora Ventures, with the ticker change to SORA and Fang’s appointment as board chairman forming a part of the shift to Bitcoin-focused company technique.
These steps had been detailed when High Win introduced plans to rebrand to AsiaStrategy and when the corporate confirmed the ticker change and management updates by the spring of 2025.
The agency later framed a cross-border execution stack connecting U.S. and Asian market rails, naming Anchorage Digital as custodian and settlement associate. It disclosed an preliminary 30 BTC on the steadiness sheet with plans to scale the treasury over time.
AsiaStrategy additionally described an ambition to construct a big regional Bitcoin place as a part of an Asia-facing model of the company treasury thesis popularized by U.S. friends.
On the operational aspect, the corporate linked client exercise to its treasury mannequin by enabling Bitcoin funds for luxurious watch gross sales, thereby aligning retail flows with long-term accumulation objectives.
That functionality adopted a $10 million convertible funding from Taiwan-based WiseLink in August 2025, which supplied extra capital flexibility in the course of the pivot. The corporate has since continued to reference cross-border institutional technique as its core mandate, whereas sustaining the legacy watch enterprise as a channel by which buyer rewards and funds can combine with Bitcoin initiatives.
AsiaStrategy has additionally been cited in regional company efforts to increase Bitcoin treasury adoption. In Might 2025, the corporate outlined strategic investments in Asian Bitcoin sector names, together with publicity to Metaplanet and Moon Inc, and positioned itself as an Asia-focused public automobile for treasury and company participation within the asset class.
The agency’s community has intersected with consortium exercise pursuing market entries in Southeast Asia, together with strikes tied to Thailand that concerned associated events throughout Sora Ventures and Metaplanet entities.
The shareholding replace focuses on sustaining efficient management round Fang-aligned entities with out altering the said plan. For a listed automobile that makes use of a professional U.S. custodian for settlement and storage, governance alignment can influence capital deployment tempo, danger settings, and deal circulation in markets the place regulatory and banking entry differ by venue.
AsiaStrategy has repeatedly emphasised the worth of mixing U.S. infrastructure and Asian distribution, and the agency’s watch enterprise affords a consumer-facing on-ramp that may combine with company treasury operations by managed procurement and reward buildings. The announcement that Bitcoin present playing cards shall be used for VIP prospects is an instance of that bridge between retail and treasury.
Market individuals monitoring public firm Bitcoin treasuries will look ahead to subsequent filings that replicate any modifications as soon as the Pleasure River transaction closes. AsiaStrategy beforehand disclosed a place to begin of 30 BTC and a plan to scale, with Anchorage Digital serving because the settlement and custody supplier.
Extra capital devices, together with convertibles and cross-border syndicates, have been a part of the playbook described this yr, alongside direct investments in regional Bitcoin-linked firms. Execution in opposition to that playbook, if accompanied by concentrated governance, might have an effect on the pace at which the agency provides Bitcoin or deploys into fairness positions tied to the asset.
AsiaStrategy said that the shareholding modifications are pending the consummation of the settlement signed on November 7. The corporate reiterated that its administration workforce and strategic path stay unchanged, and that it has begun rewarding VIP watch prospects with Bitcoin present playing cards.
Disclaimer: Sora Ventures is an investor in cryptopressnews.
