Luxury Watch Retailer Embarks on $10M Bitcoin investment Journey
Top Win International Limited, a luxury watch retailer based in Hong Kong, has secured a significant funding round of $10 million. This strategic move positions the company as Taiwan’s inaugural public Bitcoin treasury holder.
Listed on Nasdaq under the ticker SORA, Top Win aims to allocate this investment towards acquiring Bitcoin. WiseLink, a Taiwanese fintech firm, joined as an investor, acquiring convertible notes. The partnership emphasizes the integration of Bitcoin into cross-border finance operations.
- Top Win collaborates with WiseLink for Bitcoin-focused initiatives.
- Chad Koehn, founder of United Capital Management, also invested privately.
The company first hinted at this venture in May. This action aligns with a growing trend among public companies that view Bitcoin as a treasury asset. As of now, 167 firms collectively hold over 976,132 BTC.
Top Win plans to invest all raised funds in Bitcoin adn possibly in other public Bitcoin treasury companies. The decision reflects a broader shift, with notable holdings from Michael Saylor’s firm, Metaplanet, and others.
This move gained momentum recently after U.S. Treasury Secretary Scott Bessent announced a new Strategic Bitcoin Reserve. this revelation paves the way for more companies like Top Win to explore digital assets.
