Taiwan’s first Bitcoin treasury Top Win raises $10M for BTC purchases

Key Points

1. Top Win International, Taiwan’s first publicly traded corporate Bitcoin treasury, raised $10 million to begin accumulating BTC.

2. The company, originally a luxury watchmaker, pivoted to a Bitcoin treasury strategy in mid-May and plans to rename itself AsiaStrategy.

3. Private investments, including from Chad Koehn of United Capital Management, supported the funding round via three-year convertible notes.

4. Top Win’s stock surged 13% in premarket trading on the announcement day, though it later dropped 51% from its peak premarket price.

5. The company’s stock is up almost 52% year-to-date despite the volatility.