PANews reported on February 13 that according to CryptoSlate, Sora Ventures and its affiliates officially took over the board of directors of Hong Kong Bitcoin company HK Asia Holdings from February 12, 2025, marking a shift from passive investment to direct management.
The new board of directors consists of 12 directors, including David Bailey and John Riggins of BTC Inc. (Bitcoin Magazine's parent company), Jason Fang of Sora Ventures, and others, and has four committees including audit, compensation, nominations and ESG, covering core management functions.
Sora Ventures and BTC Inc. subsidiary UTXO Management have previously acquired one-third of the shares of Japan's Metaplanet, and this entry into the management further strengthens its Bitcoin strategic layout. The establishment of the new board of directors clarifies its role as an operator, not just an external investor.
