You Won’t Believe Taiwan’s First Bitcoin Treasury Has Raised $10 Million!

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Well, well, well, it seems that luxury watch retailer Top Win has joined the digital gold rush, raising a whopping $10 million to equip itself as the first Bitcoin treasury company in Taiwan. Because who wouldn’t want to trade Rolexes for digital coins, right? ⌚🪙

  • Top Win has secured $10 million to buy Bitcoin. That’s a fair few watches!
  • Nasdaq-listed Top Win becomes the first public Bitcoin treasury company in Taiwan. Talk about a trendsetter!
  • Data shows 167 public companies currently operate as Bitcoin treasuries, with over 976,132 BTC in total. I imagine a big Bitcoin party brewing somewhere!

According to a press release that could make even the oldest dinosaur perk up, this Hong Kong-based company is plunging into the digital assets and web3 universe. It can now proudly claim the title of the first Taiwanese public company to adopt Bitcoin (BTC) as a treasury asset. Perhaps they’ll start selling digital watches next? 🤷‍♂️

Top Win International Limited, listed on Nasdaq under the SORA ticker-presumably to remind everyone of the Caribbean-announced its $10 million escapade on August 15, with backing from, get this, Taiwan-based fintech powerhouse WiseLink. WiseLink apparently decided that three-year convertible notes were the way to go-because why not throw some financial jargon into the mix? 💸

Alongside WiseLink, Top Win has also locked in private investments from some illustrious investors, including Chad Koehn, the founder of United Capital Management of Kansas. Sounds fancy, doesn’t it?

The investment into BTC isn’t a fly-by-night whim, following Top Win’s big announcement in May that they’d hop on the Bitcoin bandwagon-a decision I’m sure was made over a complicated board meeting filled with graphs and probably a few too many doughnuts. 🍩

Bitcoin treasury companies – 167 and counting

Top Win’s leap into crypto-land comes while Bitcoin treasury companies continue sprouting up like mushrooms after a rainstorm. The market got an unexpected shot in the arm from none other than U.S. Treasury Secretary Scott Bessent, who recently proclaimed that government-seized BTC will help form the “foundation of the Strategic Bitcoin Reserve.” Because nothing says “financial stability” like a government trying to cash in on cryptocurrency. 🏦

“Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more…” – Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025

Cue the trumpet fanfare! A growing gaggle of public companies is taking a long-term gamble on BTC-and Top Win isn’t going to be the one left out. Market data reveals there are currently 167 public companies holding Bitcoin as a treasury asset. Collectively they hold more BTC than you could wave a laminated card at, totaling over 976,132 coins-yes, folks, that’s a lot of virtual pocket change!

Leading the charge is none other than Michael Saylor, who apparently has a tiny obsession with Bitcoin, amassing 628,946 coins all by himself. Meanwhile, Metaplanet and Trump Media & Technology Group Corp. aren’t too shabby either, holding 18,113 and 15,000 BTC, respectively. Nothing like a little competition to spice things up in the crypto kitchen!

Like its peers entering the crypto race, Top Win plans to plunge all those freshly raised funds straight into purchasing BTC. In a dazzling twist, they’re also considering investing in other publicly listed Bitcoin treasury companies, though I dare say they won’t be handing out free watches for kickbacks. No, sir!

However, rest assured, they’re not planning to become just another investment company basking in the glow of Bitcoin’s neon lights. They aim to keep things versatile-like a Swiss Army knife but, you know, with more digital coins and less hardware.🚀

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2025-08-15 19:54