Other private investors also took part, including Chad Koehn, founder of United Capital Management of Kansas. The fresh capital will be directed mainly toward Bitcoin purchases, with a portion kept for working capital needs.
The price was a 50% drop from the $12.12 reported in pre-market trading on the day that the company announced its pivot to Bitcoin accumulation. Still, the stock is up almost 51% year-to-date, showing investors remain engaged despite the swings.
Reports have disclosed that Top Win is joining a growing list of companies holding BTC as a core reserve. Market data shows 167 public companies now count Bitcoin on their balance sheets.
Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.
In addition, Treasury is committed to exploring budget-neutral pathways to acquire more…
Like these companies, Top Win has positioned its bet as a long-term strategy, but it has also hinted at investing in other Bitcoin treasury firms in the future.
Momentum around Bitcoin treasury adoption has also been boosted by recent comments from US Treasury Secretary Scott Bessent.
For Top Win, the decision is a major step beyond luxury retail. The Hong Kong-based company, listed on Nasdaq under the ticker SORA, originally announced its digital asset venture in May.
Featured image from Unsplash, chart from TradingView
