DV8 as we speak appointed Jason Fang, founding companion of Sora Ventures, as chief govt officer, outlining a shift to a company Bitcoin treasury and broader digital asset technique, the corporate mentioned.
The transfer follows a months-long reshaping of DV8’s possession and stability sheet.
A cross-border group that features Sora Ventures, UTXO Administration, Kliff Capital, AsiaStrategy, Moon Inc., and Mythos Group initiated an acquisition of the Thai-listed agency by means of a voluntary tender supply in July, positioning DV8 to execute a Bitcoin-centric playbook for public corporations in Southeast Asia.
Days later, DV8 named Thai investor Chatchaval Jiaravanon as chairman and expanded its board with a mixture of native executives and crypto operators.
DV8 additionally raised contemporary capital by means of a warrant program accomplished in mid-July. In response to firm filings, shareholders exercised 99.9% of obtainable DV8-W2 warrants at 0.80 baht, including about THB 241 million, roughly 7.4 million {dollars}, and lifting money by 38%. The capital increase provides the corporate room to start treasury exercise and associated infrastructure work below the brand new mandate.
Fang arrives with a document of structuring listed-company Bitcoin packages round Asia. In December 2024 Sora Ventures introduced a $150 million fund geared toward serving to public corporations implement balance-sheet Bitcoin methods tailor-made to native market guidelines.
In February, Fang detailed a “MicroStrategy 2.0” framework in Hong Kong that pairs direct holdings with yield-oriented structured merchandise whereas eradicating personal key administration from finish traders.
The Sora ecosystem has since moved onto public markets by means of Prime Win Worldwide’s merger and rebrand path to AsiaStrategy on Nasdaq, together with a ticker change to SORA and a subsequent push into strategic investments associated to company Bitcoin adoption.
In August, AsiaStrategy disclosed a $10 million convertible observe led by WiseLink and commenced accepting Bitcoin for luxurious watch gross sales, including an operational settlement layer that enhances the treasury thesis.
Thailand’s coverage backdrop has improved for corporates exploring digital belongings. The federal government accepted a five-year private revenue tax exemption on crypto beneficial properties for traders, a transfer that reduces friction for capital formation and potential secondary-market participation round Bitcoin-treasury equities.
The securities regulator has additionally approved using USDT and USDC in digital asset transactions, permitting stablecoin pairs on native venues and widening the toolkit for market liquidity. Separate protection this cycle has pointed to a primary native spot Bitcoin ETF approval, indicating a gradual growth of regulated Bitcoin publicity inside the jurisdiction.
For DV8, the fast roadmap facilities on treasury governance, disclosure cadence, and the sequencing of any preliminary Bitcoin purchases, whereas the board transition and new money present the working foundation.
Prior actions round Sora’s community, together with structured yield overlays and cross-listings that join Hong Kong and U.S. markets, supply a template for the way treasury accumulation can work together with company finance instruments and product initiatives.
DV8’s tender, board adjustments, and warrant funding present the backdrop for Fang’s appointment, which now concentrates decision-making for a Thai issuer pursuing a Bitcoin-first mannequin linked to a wider regional community of public corporations and traders.
Disclosure: Sora Ventures is an investor in CryptoSlate.
