Bitcoin treasury pivot lifts luxury watchmaker stock more than 60%
Top Win has rebranded as AsiaStrategy and is implementing a Bitcoin accumulation strategy in partnership with Sora Ventures. The announcement on May 16 led to a significant stock price increase, with shares rising over 60% from $7.50 to $12.12 in premarket trading. AsiaStrategy will maintain its luxury watchmaking operations while adopting this new financial strategy. Sora Ventures, which previously collaborated with Metaplanet to establish Japan's first corporate Bitcoin treasury, will have its founder, Jason Fang, join AsiaStrategy's board as co-CEO alongside Tony Ngai. This move aligns with a growing trend among companies adopting Bitcoin treasury strategies, following the example set by Strategy, which holds a substantial amount of Bitcoin.
