WiseLink Becomes First Taiwan-Listed Company To Invest in a Bitcoin Treasury Strategy
Main Idea
Taiwan-listed company WiseLink leads a $10 million investment in Top Win International, a Hong Kong-based luxury watch trader expanding into Bitcoin treasury financing, citing the current global monetary environment as a golden opportunity for Bitcoin strategies.
Key Points
1. WiseLink purchased $2 million in three-year convertible notes as part of a $10 million raise for Top Win International.
2. WiseLink CEO Tsai Kun Huang emphasized the strategic integration of Bitcoin reserves with cross-border operations rather than just buying Bitcoin.
3. Top Win International is described as the only U.S. public company with a Bitcoin treasury play anchored in Asia.
4. Sora Ventures, an Asia-based crypto investment firm, is merging into Nasdaq-listed Top Win International as part of the company’s expansion.
5. WiseLink opted for convertible notes over straight equity for flexibility and risk management, allowing adjustments based on market conditions and performance.
Description
Executed through convertible notes, WiseLink says the deal comes as a “golden window” for Bitcoin as a capital strategy opens.
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