On November 10, 2025, AsiaStrategy (Nasdaq: SORA) announced that Jason Fang, CEO of Sora Ventures, has become its largest shareholder following a modification in the ownership structure of Pride River Limited, formalized in an agreement dated November 7.
Under the revised terms, Pride River's stake was restructured: Mr. Ngai Kwan's holding decreased from 70% to 49%, while Sora Vision Limited retained 30% and Sora Ventures II Master Fund acquired 21%. Since both entities are aligned with Fang, he now holds the largest effective interest in AsiaStrategy. The company emphasized that this change does not alter its management, operations, or strategic direction.
AsiaStrategy, which pivoted from luxury watch distribution in 2025 to a listed Bitcoin treasury and institutional strategy vehicle in Asia, maintains an initial declared balance of 30 BTC with plans to scale this position over time. The firm uses Anchorage Digital as its custodian and settlement partner, aiming to build a large regional Bitcoin holding akin to strategies popularized by U.S. companies.
In a move to align retail flows with long-term Bitcoin accumulation, AsiaStrategy has begun rewarding its VIP watch clients with Bitcoin gift cards. This initiative followed a $10 million convertible investment from WiseLink in August 2025, which provided capital flexibility during the business pivot. The company has also made strategic investments in other regional Bitcoin-focused firms, such as Metaplanet and Moon Inc., reinforcing its role as an Asia-focused public vehicle for Bitcoin adoption.
Market participants are closely watching future regulatory filings to monitor the speed of Bitcoin accumulation on AsiaStrategy's balance sheet, as governance alignment could impact capital deployment and deal flow in diverse regulatory environments.
