Taiwan's first Bitcoin treasury! Top Win raises 10 million USD to launch BTC long-term reserve plan

Top Win International—this company, which has transformed from a luxury watch manufacturer—has officially announced the completion of a $10 million financing, becoming the first publicly traded Bitcoin treasury company in Taiwan. The funds will primarily be used to purchase Bitcoin (BTC) and partially invested in strategic operations and Bitcoin-related asset allocation.

WiseLink Lead Investment, Three-Year Convertible Bond Entry

This round of financing is led by the Taiwanese listed fintech company WiseLink, completing the investment through the subscription of three-year convertible bonds. Both parties have signed a memorandum of understanding, planning to collaborate in the fields of digital assets and cross-border finance.

In addition, the investors also include Chad Koehn, the founder of United Capital Management in Kansas, and four other private investors. Top Win emphasized that although a large amount of funds is used for BTC acquisitions, the company does not intend to transform into an investment company and will not engage in high-frequency securities trading.

The Transformation Journey from Luxury Watches to Bitcoin Wealth

Top Win was originally a luxury watch manufacturer headquartered in Taiwan. In May of this year, it announced a shift to a Bitcoin reserve strategy and partnered with Sora Ventures, the institution that helped Japan's Metaplanet create the country's first corporate Bitcoin treasury.

The company also announced that it will be renamed as AsiaStrategy, paying tribute to the world's first Bitcoin treasury company MicroStrategy (now Strategy). On the day the news was announced, Top Win's stock price soared to $12.12 in pre-market trading.

Stock Market Reaction and Year-to-Date Performance

After the financing news was announced on Friday, Top Win's stock price rose nearly 13% to $5.82 in pre-market trading. Although it has fallen more than 50% from the high announced in May when the transformation was announced, the stock has still risen about 52% year-to-date, indicating that the market remains confident in its Bitcoin strategy.

Join the ranks of global Bitcoin treasury companies

Top Win's entry has made it one of the 167 publicly listed companies worldwide to incorporate Bitcoin into their financial reserves. These companies collectively hold over 976,000 BTC, with MicroStrategy and Metaplanet being the most representative leaders.

This financing allows Top Win to officially transition from the "planning stage" to the "execution stage," establishing a regional milestone in the Asian market.

Long-term BTC Allocation and Strategy Supervision

Top Win stated that the proceeds from this round of financing will be primarily used for:

1. Buy Bitcoin directly as a long-term reserve.

2. Invest in other Bitcoin asset management companies.

3. Support the development of cross-border retail and digital financial services.

Through the collaboration with WiseLink, Top Win positions itself at the intersection of technology and finance, advancing Bitcoin asset allocation within the regulatory framework while continuously monitoring market risks and opportunities.

Conclusion

Top Win International's transformation and financing not only marks the first time a Taiwanese company has entered the international market as a Bitcoin treasury, but also reflects the accelerating adoption of digital assets by traditional enterprises.

Bitcoin is gradually becoming the core of value storage and financial strategy in the balance sheets of global enterprises, and Top Win's initiatives will undoubtedly bring more attention and follow-up to the Asian market.