WiseLink Leads $10M Round for Top Win’s Bitcoin Treasury
Taiwan’s publicly traded WiseLink (TW:8932) has led a $10 million convertible debt round for Nasdaq-listed Top Win International (SORA), marking the first Bitcoin treasury investment by a Taiwanese public company. WiseLink contributed $2 million via a three-year convertible bond, while U.S. investor Chad Koehn and four private backers covered the balance. Supported by Sora Ventures, Top Win will rebrand as AsiaStrategy and merge with the crypto fund. Under their “Bitcoin + cross-border finance” partnership, AsiaStrategy plans to deploy most funds to purchase Bitcoin and acquire firms with BTC holdings, allocating the rest to operations. CEO Tsai Kun Huang cited global inflation, loose monetary policy, and geopolitical risks as key drivers. This move follows precedents like Metaplanet and North American adopters such as MicroStrategy, reinforcing the trend of corporate Bitcoin treasury adoption.
Bullish
This development is bullish for Bitcoin. By marking the first Taiwanese public company’s investment in a Bitcoin treasury, it signals growing institutional confidence and demand. In the short term, the $10 million convertible debt round and strategic partnership with Sora Ventures are likely to boost market sentiment, driving demand for BTC. In the long term, the move reinforces the trend of corporate Bitcoin treasury adoption, potentially attracting more enterprises to allocate reserves to BTC and enhancing Bitcoin’s status as a digital reserve asset. Overall, this corporate endorsement can support price stability and upward momentum.