Hong Kong’s TopWin Rebrands as ’AsiaStrategy’ and Adopts Bitcoin Treasury Strategy
In a bold move signaling confidence in Bitcoin’s long-term value, Hong Kong-based luxury watch company TopWin has rebranded as ’AsiaStrategy’ and adopted a Bitcoin-centric treasury strategy. Inspired by Michael Saylor’s MicroStrategy, the firm aims to hedge against inflation and capitalize on the growing Web3 ecosystem. Partnering with Sora Ventures, which has committed $150 million to the initiative, AsiaStrategy joins the ranks of corporations allocating treasury reserves to Bitcoin. This development comes as Bitcoin trades at 103,700 USDT, reflecting the increasing institutional adoption of digital assets as a store of value and growth opportunity.
Hong Kong’s TopWin Embraces Bitcoin Treasury Strategy, Rebrands as ’AsiaStrategy’
TopWin, a Hong Kong-based luxury watch company, is pivoting toward digital assets by rebranding as ’AsiaStrategy’ and adopting a Bitcoin-centric treasury model inspired by Michael Saylor’s MicroStrategy. The firm aims to hedge against inflation and capitalize on Web3 growth through its partnership with Sora Ventures, which has committed $150 million to the initiative.
Sora Ventures, known for assisting Metaplanet in establishing its bitcoin reserve, will guide TopWin’s transition into corporate BTC holdings. The move signals accelerating institutional adoption in Asia, with Sora targeting investments in at least 10 public companies pursuing similar strategies.
Wisconsin Pension Fund Exits $350M Bitcoin ETF Position Amid Market Decline
The State of Wisconsin Investment Board (SWIB) has liquidated its entire $350 million stake in BlackRock’s iShares Bitcoin Trust (IBIT), marking a dramatic reversal for one of the first U.S. state pension funds to embrace spot bitcoin ETFs. The MOVE came during Q1 as BTC prices dipped approximately 12%.
SWIB’s 13F filing reveals the complete divestment of over 6 million IBIT shares acquired in late 2024, when the pension fund had notably doubled its bitcoin exposure. This exit contrasts sharply with Wisconsin’s earlier bullish stance, which had positioned it as a trailblazer among institutional adopters of cryptocurrency investment vehicles.
Bitcoin Price Consolidates Near $103K as Traders Eye $105K Breakout
Bitcoin’s price action has entered a phase of tight consolidation around $103,000, with market participants closely watching the $105,800 resistance level. A decisive break above this threshold could propel BTC toward new all-time highs, while failure may prolong the current accumulation phase.
The cryptocurrency market remains in a holding pattern, with most major assets mirroring Bitcoin’s sideways movement. This lull follows a recent upward swing and typically precedes significant volatility. Traders interpret the compression as bullish consolidation, suggesting latent buying pressure may soon materialize.
Bitcoin Price Nears All-Time High Amid Looming Supply Shock
Bitcoin’s price trajectory suggests a potential breakthrough to record levels as market participants anticipate a severe supply constraint. The cryptocurrency currently hovers around $104,000, requiring just a 4% surge to surpass its previous peak of $109,300.
Exchange inventories tell a compelling story. OTC desk liquidity has plummeted to 120,000 BTC - a dramatic decline from the 500,000 BTC available during late 2021’s bull market. This evaporation of sell-side liquidity creates textbook conditions for a supply squeeze. "Sellers are gone. Supply shock is coming," observes Merlijn The Trader, highlighting the rapidly shifting market dynamics.
Top 5 Crypto Casinos in 2025: Bitcoin Gambling Sites with Instant Withdrawals and No KYC
The online gambling industry is undergoing a seismic shift as cryptocurrency integration redefines user expectations. Leading Bitcoin Casinos now offer near-instant transactions, enhanced privacy through no-KYC policies, and borderless accessibility—key advantages over traditional fiat platforms.
JACKBIT emerges as the standout operator, combining a 30% rakeback incentive with 100 free spins on first deposit. Its no-KYC approach and 4.9/5 user rating reflect growing demand for pseudonymous gambling experiences. Close competitors like 7Bit casino and Mirax Casino lure players with 325% matched deposits exceeding 5 BTC, while BitStarz and KatsuBet complete the top tier with comparable offerings.
This sector’s growth mirrors broader cryptocurrency adoption trends, where speed, privacy, and global access drive consumer preference. The featured casinos all support BTC transactions, with several likely accepting additional tokens from the expanding ecosystem of gambling-compatible cryptocurrencies.
