Aug 15, 03:44 PM

WiseLink Leads US$10 Million Bitcoin Treasury Deal With Nasdaq-Listed Top Win

Taipei-listed fintech company WiseLink has become the first publicly traded firm in Taiwan to back a corporate Bitcoin-treasury strategy, leading a US$10 million fundraising for Hong Kong-based Top Win International, according to statements made on 15 August. WiseLink itself subscribed US$2 million of three-year convertible notes, giving it the right to swap the debt for equity at a later date while providing principal protection in the interim. Top Win, which trades on Nasdaq under the ticker SORA and sells luxury watches, said it will use most of the proceeds to buy Bitcoin for its balance sheet and to invest in other listed companies adopting similar treasury models. The company plans to rebrand as AsiaStrategy once its ongoing merger with crypto investment firm Sora Ventures is completed. WiseLink chief executive Tsai Kun Huang called the deal a “golden window” to combine Bitcoin reserves with the firm’s cross-border financial services. The cross-border transaction adds Taiwan’s public-market capital to a growing list of Asian companies—following the playbook popularised by MicroStrategy’s Michael Saylor—that are moving portions of their corporate treasuries into the cryptocurrency.

#WiseLink #Taiwan #Hong Kong #Top Win International #Top Win #Nasdaq #SORA #Bitcoin #AsiaStrategy #Sora Ventures #Tsai Kun Huang #MicroStrategy #Michael Saylor

Written with ChatGPT .

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WiseLink Leads US$10 Million Bitcoin Treasury Deal With Nasdaq-Listed Top Win

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