Sora Ventures CEO gains largest stake in AsiaStrategy amid Bitcoin reward strategy
Sora Ventures CEO Jason Fang became AsiaStrategy's largest effective shareholder following a change in its major shareholder's ownership structure.Summary
AsiaStrategy announced that Sora Ventures CEO Jason Fang is now its largest effective shareholder due to a restructuring of Pride River Limited's cap table. The agreement shifts ownership such that Fang-aligned entities (Sora Vision Limited and Sora Ventures II Master Fund) hold the largest interest, although the company stated that management, operations, and strategy remain unchanged. AsiaStrategy, which pivoted from watch distribution to a Bitcoin treasury vehicle, also revealed it has started rewarding VIP watch customers with Bitcoin gift cards as it integrates its luxury watch business with its Bitcoin initiatives. The company, trading as SORA, aims to build a large regional Bitcoin position using U.S. infrastructure and Asian distribution, with Anchorage Digital as its custodian.
(Source：CryptoSlate)