Top Win International, trading on Nasdaq as SORA, has received a $10 million investment led by WiseLink, marking the first instance of a Taiwanese public company investing in a Bitcoin-focused firm.
This investment was made through a three-year convertible note as part of WiseLink’s “Bitcoin + Cross-Border Finance” initiative, solidifying a strategic partnership between the two companies.
Transitioning from its luxury watch business, Hong Kong-based Top Win ventured into digital assets in May 2025 in collaboration with Sora Ventures, aiming to hold Bitcoin on its balance sheet and invest in publicly listed companies with similar treasury models.
WiseLink, listed on the Taiwan Stock Exchange under 8932, specializes in fintech services in India and has a strong partnership with smartphone giant OPPO, aligning with Top Win’s vision of integrating Bitcoin treasury management with cross-border financial operations.
The investment will enable Top Win to primarily acquire Bitcoin, potentially investing in other listed companies with Bitcoin treasury strategies, and supporting its working capital needs.
Prior to this move, Top Win had acquired stakes in HK Asia Holdings and Metaplanet, the latter holding a substantial amount of BTC valued at around $800 million, showcasing the success of Bitcoin treasury strategies in listed companies.
Sora Ventures aims to deploy a $150 million fund to support at least ten public companies with Bitcoin holdings by the end of 2025, in line with its investment strategy.
Jason Fang, co-founder of Sora Ventures, has been appointed as chairman and co-chief executive of Top Win, signaling a strategic shift towards blockchain and digital asset initiatives to drive regional expansion across various markets.
The financing deal with WiseLink introduces a cross-border element to Top Win’s strategy, bridging Taiwan’s public markets with Hong Kong’s digital asset landscape to align long-term capital deployment with Bitcoin treasury objectives.
This investment not only enhances Top Win’s ability to execute its treasury plans but also exposes WiseLink to a hybrid retail and digital asset platform, fostering mutual growth opportunities.
It’s important to note that Top Win will operate in compliance with regulatory requirements, emphasizing its commitment to maintaining legal standards in its investment activities in the digital asset space.
This significant investment represents Top Win’s strategic evolution from a traditional luxury goods business to a company balancing physical retail operations with a Bitcoin-centric capital allocation model.
