Research analysts covering AsiaStrategy.
Recent press releases and 8-K filings for SORA.
AsiaStrategy Reports Increased Net Loss, Completes IPO, and Diversifies with New Investments
SORA
Earnings
New Projects/Investments
Demand Weakening
- AsiaStrategy reported a net loss of $0.6 million on $4.4 million in revenue for the six months ended June 30, 2025, compared to a net loss of $0.2 million on $7.9 million in revenue for the same period in 2024. This decline was primarily due to a 44.6% decrease in total revenue, driven by a 5% reduction in sales volume and a 42% decrease in the average unit price of luxury watches, reflecting broader economic challenges in Hong Kong.
- The company successfully completed its Initial Public Offering (IPO) in April 2025, issuing 2,664,000 ordinary shares at $4.00 per share and generating $10,656,000 in gross proceeds.
- Subsequent to June 30, 2025, AsiaStrategy made significant new investments, including acquiring a 7.07% stake in DV8 Public Company Limited for approximately $2.0 million (with a fair value of $17.7 million as of November 30, 2025), contributing $4.0 million to an investment in Bitplanet Co., Ltd. (fair value $5.1 million as of November 30, 2025), and purchasing 30 bitcoins for approximately $3.4 million (fair value $2.7 million as of November 30, 2025).
- In October 2025, the company closed on the issuance of $10,000,000 in convertible notes, bearing a 3.0% annual interest rate and maturing in three years.
Dec 15, 2025, 11:35 AM
AsiaStrategy: Jason Fang Becomes Largest Shareholder
SORA
M&A
New Projects/Investments
- Jason Fang, CEO of Sora Ventures, has become the largest shareholder of AsiaStrategy.
- This change resulted from a restructuring of Pride River Limited, AsiaStrategy's major shareholder, where entities aligned with Mr. Fang now hold the largest effective ownership interest.
- Despite the shareholding update, AsiaStrategy's management team, operations, and strategic direction remain unchanged.
- The company is exploring synergies between its luxury watch and bitcoin businesses, including the purchase of Bitcoin gift cards to reward VIP watch customers.
Nov 10, 2025, 11:34 AM
AsiaStrategy Partners with Anchorage Digital and Acquires 30 Bitcoin
SORA
New Projects/Investments
- AsiaStrategy (SORA) has partnered with Anchorage Digital Bank N.A., which will serve as the primary custodian and settlement infrastructure provider for its cross-border Bitcoin treasury operations.
- The company announced it acquired 30 bitcoin and intends to purchase more, underscoring an aggressive push to lead Bitcoin treasury strategy across Asia.
- This partnership aims to bridge U.S. regulatory standards with Asia's growing institutional digital asset markets, supporting AsiaStrategy's ongoing expansion.
- AsiaStrategy, founded in 2001, rebranded in May 2025 to focus on digital assets and blockchain innovation, positioning itself at the forefront of institutional Bitcoin treasury management.
Sep 30, 2025, 12:52 PM
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