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Investing.com -- Top Win International Limited (NASDAQ:SORA) stock surged as much as 25% after the company announced it has raised $10 million from investors led by Wiselink Co., Ltd. (TW:8932), marking the first Taiwanese public company to invest in a Bitcoin treasury company.
The capital raise was executed through a three-year convertible note, following a memorandum of understanding between the two companies. Additional private investments came from Chad Koehn, founder of United Capital Management of Kansas, along with four other investors.
Top Win plans to use the proceeds primarily to purchase Bitcoin. The company may also invest in listed companies with Bitcoin treasury strategies, subject to regulatory requirements, and use some funds for working capital.
Wiselink’s investment establishes a strategic capital and technology collaboration under its "Bitcoin + Cross-Border Finance" framework. Despite the investment focus, Top Win stated it has no plans to operate as an investment company or primarily engage in securities trading.
The significant stock price jump reflects market enthusiasm for Top Win’s expansion into Bitcoin treasury operations with institutional backing.
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