AsiaStrategy shareholding update results in Sora Ventures’ Jason Fang becoming the largest shareholder
Rhea-AI Summary
AsiaStrategy (Nasdaq: SORA) announced a change in the ownership of its major shareholder, Pride River Limited, effective from a pending agreement dated November 7, 2025. Under the arrangement Pride River Limited will be owned 49% by Mr. Ngai Kwan, 30% by Sora Vision Limited, and 21% by Sora Ventures II Master Fund.
Because Sora Vision and Sora Ventures II Master Fund are aligned with Jason Fang, CEO of Sora Ventures, Mr. Fang becomes the largest effective shareholder of AsiaStrategy. The company said there is no change to management, operations, or strategic direction. AsiaStrategy also purchased Bitcoin gift cards to reward VIP watch customers while exploring synergies between its luxury watch and bitcoin businesses.
Positive
- Pride River ownership reallocated to 49%/30%/21%
- Jason Fang becomes largest effective shareholder
- Company confirmed no management or strategic changes
Negative
- None.
News Market Reaction
On the day this news was published, SORA declined 2.86%, reflecting a moderate negative market reaction. Argus tracked a peak move of +19.0% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $117M at that time.
Data tracked by StockTitan Argus on the day of publication.
Hong Kong, Nov. 10, 2025 (GLOBE NEWSWIRE) -- AsiaStrategy (Nasdaq: SORA), a leader in institutional digital asset strategy in Asia, announced changes in the shareholding structure of its major shareholder, which established Jason Fang, CEO of Sora Ventures, as the largest shareholder of AsiaStrategy.
Previously, AsiaStrategy’s major shareholder, Pride River Limited, was held
This update does not result in any change to AsiaStrategy’s management team, operations, or strategic direction. The company remains focused on its long-term objectives in cross-border institutional strategy and digital innovation across Asia, while upholding its luxury watch business. AsiaStrategy also announced it has purchased Bitcoin gift cards to reward its VIP watch customers as it explores synergies between its luxury watch and bitcoin businesses.
About AsiaStrategy
AsiaStrategy (Nasdaq: SORA) is a Hong Kong-based leader in institutional digital asset strategy, pioneering Bitcoin treasury strategies throughout Asia. Founded in 2001, the company initially specialized in trading and distributing luxury watches. In May 2025, it rebranded to focus on digital assets and blockchain innovation, positioning itself at the forefront of institutional Bitcoin treasury management in the region.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the Company’s plans with regards to the digital asset market, partnerships with third-parties, and related business strategies. Forward-looking statements are subject to risks and uncertainties that could cause actual outcomes to differ materially from those expressed herein. Such risks include, but are not limited to, uncertainties related to market conditions, regulatory developments, the completion of the contemplated transactions, and other factors described in the “Risk Factors” section of the Company’s filings with the SEC. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.
Media Contact:
AsiaStrategy Corporate Communications
Email: contact@asiastrategy.io
Phone: +852 2815 7988
FAQ
What ownership change did AsiaStrategy (SORA) announce on November 10, 2025?
Who is now the largest shareholder of AsiaStrategy (SORA)?
Does the AsiaStrategy (SORA) ownership update change management or operations?
What new customer initiative did AsiaStrategy (SORA) announce on November 10, 2025?
When was the agreement that reallocated Pride River Limited ownership dated for SORA?
