All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- UTXO Management and Sora Ventures acquired a 70.26% stake in HK Asia Holdings, aiming to lead Bitcoin adoption in Asia.
- Sora Ventures launched a $150M fund to integrate Bitcoin as a reserve asset in corporate treasuries across Asian markets.
UTXO Management, Sora Ventures, and other strategic partners have finalized the acquisition of a 70.26% share in Hong Kong-listed company HK Asia Holdings Limited. The acquisition will provide the avenue for the company to focus on Bitcoin, Web 3.0, and other cutting-edge technology.
The initiative seeks to build a MicroStrategy-style model in Asia whereby big companies rely mostly on Bitcoin as a reserve asset.
UTXO Management, in partnership with Sora Ventures and others, announced the acquisition of a majority stake in a Hong Kong-listed company, continuing its goal of replicating the Asian version of MicroStrategy. https://t.co/i5DiALXQnn
— Wu Blockchain (@WuBlockchain) January 24, 2025
Rebranding to Moon Inc.
After the acquisition, the HK Asia Holdings Limited company will rebrand to Moon Inc. The company’s ambitious goal to lead in technology and crypto innovation in Hong Kong and other Asian markets is reflected in its new name. Tyler Evans, Managing Partner at UTXO Management, stated:
“This acquisition is more than a transaction; it’s a bold step toward creating value for shareholders. Our partnership with Sora Ventures builds on a proven track record, and we’re excited to lead Moon Inc. into a future where Hong Kong will continue to play an outsized role in global markets.”
While giving great value to its owners, Moon Inc. will use the fresh resources to invest in blockchain and digital asset industries, thus generating chances.
Not only that, in a further strategic action, the company will also issue convertible notes valued at HK$33,750,000, so raising the ownership of the acquisition group to over 74%. The fund will be used for working capital and investment in prepaid products, including SIM cards and top-up coupons, as well as for grabbing fresh ideas in the innovative sector.
Sora Ventures and $150M Fund for Bitcoin Adoption
As one of the primary acquisition partners, Sora Ventures has earlier unveiled a $150 million fund to promote the acceptance of Bitcoin as a reserve asset in Asia. According to the report we have published, this fund is set to follow local rules in nations including Japan, Thailand, and Hong Kong, mostly in order to raise Bitcoin’s importance in corporate financial management.
Naturally, this approach will be among the key supporters of the recent moves by UTXO Management and Sora Ventures in including Bitcoin in the public companies in Asia.
