Sora Ventures and BTC Inc. have taken over the board of HK Asia Holdings

2025-02-13 12:11:27

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ChainCatcher news, according to CryptoSlate, Sora Ventures and its affiliates officially took over the board of directors of Hong Kong Bitcoin company HK Asia Holdings on February 12, 2025, marking a shift from passive investment to direct management.

The new board consists of 12 directors, including David Bailey and John Riggins from BTC Inc. (the parent company of Bitcoin Magazine), Jason Fang from Sora Ventures, among others. It has established four committees covering core management functions, including audit, compensation, nomination, and ESG.

Sora Ventures and BTC Inc. subsidiary UTXO Management had previously acquired one-third of Japan's Metaplanet, and this entry into the management further strengthens their Bitcoin strategic layout. The establishment of the new board clarifies its role as an operator, rather than just an external investor.

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