Top Win International Raises $10M for Bitcoin Treasury
Top Win International has raised $10 million to fund its Bitcoin treasury strategy. The Hong Kong–based luxury watch brand turned digital assets company secured $2 million from Taiwan’s Wiselink via a three-year convertible note and $8 million from U.S. asset manager United Capital Management and other investors. Proceeds will be used to purchase BTC and may also fund stakes in other publicly-listed firms with Bitcoin treasury strategies. Top Win, which listed on Nasdaq in April 2025 (ticker changed to SORA), clarified it will not operate as an investment company. Shares fell over 15% on opening day but remain up 12% over five days. This move underscores growing corporate adoption of Bitcoin treasury strategies, following similar initiatives by Sequans Communications and Norges Bank Investment Management. At press time, BTC traded around $117,199.
Bullish
This funding round by Top Win International signals growing corporate adoption of Bitcoin treasury strategies, which is bullish for the BTC market. Historically, similar moves by MicroStrategy and Sequans Communications drove increased demand and positive sentiment for Bitcoin. While Top Win’s shares dipped on the first trading day, the broader crypto market is likely to view the $10M BTC purchase as a vote of confidence in Bitcoin’s role as a long-term asset. In the short term, traders may see moderate volatility around the news, but the long-term impact supports higher institutional involvement and sustained upward pressure on BTC prices.