DV8 at present 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 way 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 way of a warrant program accomplished in mid-July. In accordance with 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 offers the corporate room to start treasury exercise and associated infrastructure work underneath the brand new mandate.
Fang arrives with a document of structuring listed-company Bitcoin applications 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 way of High 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 be aware 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 property. The federal government accredited a five-year private earnings tax exemption on crypto positive aspects 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 the usage of 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 enlargement of regulated Bitcoin publicity throughout the jurisdiction.
For DV8, the speedy 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 modifications, 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.
