A bitcoin ATM (Mario Tama/Getty Images)

Sora aims to buy $1 billion in bitcoin in the next six months

Japanese company Metaplanet already holds over $2 billion in bitcoin.

9/5/25 11:34AM

Sora Ventures announced the launch of what it says will be “Asia’s first $1 billion bitcoin treasury fund,” and aims to acquire all that bitcoin within the next six months. Sora differentiated itself from other Asian treasury companies like Japanese company Metaplanet, which is currently the largest publicly listed bitcoin holder in Asia, holding 20,000 bitcoin it acquired for $2.06 billion. Sora said in a press release:

“While those companies hold bitcoin directly on their own balance sheets, the Sora Ventures treasury fund will act as a central pool of institutional capital designed to both support these existing firms and fuel the creation of similar treasuries globally.”

Meanwhile, Metaplanet shareholders approved three resolutions on Monday, including increasing the total number of authorized shares to 2.5 billion and new provisions for perpetual preferred shares. This will enable Metaplanet to raise up to 555 billion yen ($3.7 billion) in preferred shares and use the proceeds to acquire more bitcoin.

In other bitcoin mining and treasury news:

Strategy and bitcoin fans are getting excited about the possibility that the S&P 500 could announce the company’s inclusion later today. Bloomberg reported that “a $14 billion unrealized gain last quarter delivered the profitability required for index eligibility, at least in theory, under current rules.”
Bitcoin miner MARA Holdings announced it produced 705 bitcoin in August, compared to 703 in July. MARA, the second-largest corporate bitcoin holder, said it took advantage of bitcoin’s price decline and bought the dip. It now holds 52,477 bitcoin and “opted not to sell any BTC in August.”
Publicly traded bitcoin mining company Cipher Digital announced it produced 241 bitcoin in August, compared to 214 bitcoin in July. It also said it acquired more bitcoin and now holds 1,414 tokens, up from 1,219.
Public company Figma, which just released its first earnings since its IPO, added 177 bitcoin and now holds 767 bitcoin.

$11.4B

Sage D. Young19h

The FBI revealed in a Monday press release that Americans submitted 181,565 complaints of schemes involving cryptocurrency and reported losses totaling around $11.4 billion last year, a 22% increase from 2024.

The age range most affected were people older than 60. Those in this category had the highest crypto complaint count at 44,555 with losses at $4.4 billion, per the annual report from the Internet Crime Complaint Center, a division of the FBI tasked with gathering intelligence on cybercrime.

One cybercrime the report pointed to was cryptocurrency investment fraud, which are sophisticated long-term scams using psychological manipulation, an appearance of legitimacy, and exploitation of cryptocurrencies to deceive victims into investing large sums of money.

“These scams are largely perpetrated by organized criminal enterprises based in Southeast Asia using victims of human trafficking as forced labor to run the scam operations,” per the report.

The FBI report comes as the crypto ecosystem is still reeling from a recent $270 million exploit that was planned six months in the making, a change from the initial estimate of multiple weeks.

Sage D. Young21h

Aave sinks as another service provider leaves

The native token of the largest lending protocol in DeFi has shed roughly $163 million in market capitalization, dropping nearly 11% over the past 24 hours, after news that another service provider is leaving.

Chaos Labs on Monday announced it was stepping down as a risk manager for the Aave DAO, citing concerns over V4 of the protocol and the recent exit of other core contributors.

The risk management firm, which has been contributing to Aave since November 2022, decided to end its engagement with the protocol in part because of a “fundamental misalignment on how risk should be managed at Aave,” Chaos Labs CEO and founder Omer Goldberg said on X.

The V4 protocol introduced a new smart contract code base. “When that architecture is rewritten from scratch, the risk infrastructure must follow. As a result, while the scope changed materially, the resourcing did not. Aave Labs may be comfortable with those trade-offs. We are not,” Goldberg stated.

Chaos Labs’ termination comes after service providers Aave Chan Initiative and Bored Ghosts Developing Labs announced leaving due to centralization concerns with Aave Labs, which is headed by the protocol’s founder, Stani Kulechov.

In response to Chaos Labs’ recent decision, Kulechov said, “There is no disruption to the Aave Protocol, its smart contracts, asset listings, or network deployments.” Kulechov added that Aave was not supportive of several elements of Chaos Labs’ initial proposal, such as a higher-risk management payment of $8 million.

Aave has a total value locked of over $24 billion. V4 went live at the end of March and has seen around $10 million in deposits in the first week.

Yaël Bizouati-Kennedy

Bitcoin bear

24h

Bloomberg analyst outlines all the reasons he’s sticking with his call that bitcoin will crater to $10,000

His one caveat: if it can hold the $75,000 level, bitcoin bulls may “prove him wrong.” Other experts called his prediction an “attention-grabbing extreme” and “almost unimaginable.”