WiseLink dey lead $10M round for Top Win Bitcoin treasury
WiseLink wey dey trade for Taiwan stock market (TW:8932) don lead $10 million convertible debt round for Top Win International wey dey Nasdaq (SORA), dis na di first time one Taiwanese public company go take invest for Bitcoin treasury. WiseLink put in $2 million through three-year convertible bond, while US investor Chad Koehn and four private people join fund di balance. Top Win, wey Sora Ventures dey support, go change name to AsiaStrategy and join body with di crypto fund. Under their “Bitcoin + cross-border finance” partnership, AsiaStrategy dey plan to use most of di money to buy Bitcoin and get companies wey get BTC holdings, di rest go go operation work. CEO Tsai Kun Huang talk say global inflation, loose monetary policy and geopolitical wahala be di main reasons. Dis move follow tins wey Metaplanet and North America companies like MicroStrategy don already do, confirming say companies dey adopt Bitcoin treasury.
Bullish
Dis beta tins na good for Bitcoin. Wit dis na di first Taiwan public company wey invest for Bitcoin treasury, e mean say institutional confidence and demand dey grow. Short term, di $10 million convertible debt round plus di strategic partnership wit Sora Ventures go likely boost market sentiment, make demand for BTC increase. Long term, dis move fit strengthen di trend wey companies dey adopt Bitcoin treasury, fit make more businesses wan put their reserve for BTC and make Bitcoin status as digital reserve asset strong well well. Overall, dis corporate endorsement fit support price stability and add more upward momentum.