Taiwan’s first Bitcoin Treasury has colored the Treasury, Top Win International, collected $ 10 million to launch its BTC accumulation efforts.
The luxury watchmaker who became Bitcoin Treasury announced on Friday that it had raised $ 10 million from a group of investors led by the Zipper producer and the Wiselink software company. The increase was accompanied by private investments by Chad Koehn, founder and CEO of United Capital Management of Kansas, alongside four other investors.
Wiselink bought three -year -old convertible tickets issued by Top Win. The investment follows a memorandum of understanding between the two companies describing a collaboration still to be disclosed.
“Topwin intends to use the product mainly to buy BTC.”
The announcement added that the first victory could also invest in Bitcoin cash companies (BTC) listed (BTC) alongside the purchase of Bitcoin. However, the company said that it “did not intend to operate as an investment company or to engage mainly in investment, reinvestment or securities negotiation activities”.
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Evolution of a watchmaker
Top Win International is a luxury watchmaker based in Taiwan who decided to rotate a Bitcoin cash strategy in mid-May. The change of strategy follows a partnership with Sora Ventures, the same company that has teamed up with Metaplanet in 2024 to create the first Bitcoin Treasury in Japan.
Top Win has also announced that it would change its name in Asitrategy, in a nod to the first world Treasury Bitcoin company, Strategy, previously known as microstrategy. However, the last announcement refers to the old company name, Top Win International.
The founder and partner director of Sora Ventures, Jason Fang, joined the company’s board of directors and took the position of CO-PDG alongside the existing CEO of the company. Top Win International actions were immediate, going to $ 12.12 in exchange for preheating before the day of the May announcement.
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Reaction in stock to the BTC strategy
Friday, the news of the capital increase was well received by market players. At the time of writing this document, Top Win International’s actions had increased pre-commercial prices of almost 13%, negotiating $ 5.82.
The price was a decrease of 51% compared to the $ 12.12 reported in the market prior to the day when the company announced its pivot to the accumulation of Bitcoin. However, the stock increased by almost 52% for the start of the year.
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