Taiwan’s first publicly corporate bitcoin Treasury, Top Win International, raised $ 10 million to kickstart his BTC accumulation efforts.
Luxury Watchmaker-Bittcin Treasury Announced On Friday, a group of investors led by zipper manufacturer and software company Viselink raised $ 10 million from a group of investors. Along with four other investors with this growth, Kansas’s United Capital Management founder and CEO was accompanied by Chad Kohan’s personal investment.
Wiselink bought a three-year convertible notes released by the top win. Investment followed a memorandum after a memorandum between two companies, which underlines the cooperation so far.
“Topwin intends to use income mainly to buy BTC.”
The announcement states that the top win can invest in Bitcoin (BTC) Treasury companies along with purchasing bitcoins. Nevertheless, the company said that “it is not a plan to work as an investment company or to engage in business business in mainly investment, regeneration or securities.”
Connected: Taiwan MP called for Bitcoin Reserve at the National Conference
Development of a watchman
Top Win International is a Taiwan-based luxury watchman who decided to pive the bitcoin treasury strategy in mid-May. The change in strategy followed a partnership with Sora Ventures, the same company that participated with Metaplanet in 2024 to make Japan’s first corporate bitcoin treasury.
Top Win also announced that it would change its name in a node to the world’s first bitcoin Treasury company, a node to asaastrategy, which is previously known as a microstrate. Nevertheless, the latest declaration refers to the name of the old company, the top Win International.
Jason Fang, founder and managing partner of Sora Ventures joined the Board and held the post of co-CEO with the current CEO of the firm. Stock of Top Win International immediately took notice, jumped in premarket trading on the day of May to $ 12.12.
Connected: Taiwan Crypto implements AML registration mandate for providers
Stock reaction to BTC strategy
The news of the Capital Rise was well received by the market participants on Friday. At the time of writing, the Stock of Top Win International saw a pre-market price increase of about 13%, trading at $ 5.82.
The price was a decline of $ 12.12 from $ 12.12 to 51% reported in premarket trading day, the day the company announced its axis for bitcoin accumulation. Nevertheless, the stock is about 52% year-old.
magazine: Treason in Taiwan paid in Tithit, East Crypto Exchange Resurrection: Asia Express
