Top Win International, listed as SORA by Nasdaq, has secured $10 million from a group of investors led by Wiselink. This is the first time a Taiwanese public company has invested in a company focused on the Bitcoin Ministry of Finance.
The deal, according to the company, will run on a three-year conversion fee and is part of Wiselink's “Bitcoin + Cross-Border Finance” initiative.
The Hong Kong-based top, traditionally engaged in luxury watch trading, distribution and retail, began moving to digital assets in May 2025 through a partnership with SORA Ventures.
The company's strategy includes holding Bitcoin on its balance sheet and investing in other publicly available companies with similar financial models. That pivot has changed from Topw to Sora following the changes to the public list and ticker in April 2025.
Traded on the Taiwan Stock Exchange under 8932, Wiselink operates fintech services in India, develops SaaS solutions and maintains a long-term partnership with smartphone manufacturer Oppo.
The company's top victory investment establishes a strategic capital and technology collaboration aimed at integrating Bitcoin financial management with cross-border financial operations. Top Win said it will use the funds primarily to acquire Bitcoin, and it will use the funds for potential allocations and working capital to listed companies pursuing Bitcoin's financial strategy.
Top Win's previous moves include holdings from HK Asia and acquisitions of Metaplanet stakes, the latter holding around 7,800 BTC, about $800 million. Metaplanet's shares have exceeded 3,600% in the past year, and HK Asia Holdings has resulted in a 15x increase in stock value after adopting the Bitcoin Treasury approach.
These investments are in line with SORA Ventures' goal of deploying a $150 million fund to support at least 10 publicly traded companies at Bitcoin Holdings by the end of 2025.
Jason Fang, co-founder of Sora Ventures, was appointed Chairman and Co-Entertainment of Top Win in late May. The company plans to expand its regional expansion in markets such as Thailand, Taiwan and South Korea, with the aim of expanding its Bitcoin-centric capital allocation model.
Convertible Note Finance using Wiselink adds cross-border elements to its strategy, linking Taiwan's open market to Hong Kong's listed digital assets initiative. Although specific terms of the memo, including conversion prices and maturity details, have not been disclosed, the structure is positioned to adjust the Bitcoin Treasury targets mentioned by both companies and the long-term capital deployment.
The agreement will expand Top Win's finances capabilities while implementing WinErocation plans and expose Wiselink to hybrid retail and digital asset platforms.
Top Win has not intended to operate as an investment company under the US Securities Act, and emphasized that all activities comply with applicable regulatory requirements.
The deal, shut down prior to the August 15 announcement, represents another step in the company's transition from a traditional luxury business to an entity that balances physical retail and a Bitcoin-focused capital strategy.
(Disclosure: SORA Ventures is an investor in Cryptoslate.)
