Top Win International is a Hong Kong–based firm best known for its luxury watch business that is pivoting toward digital assets and building a Bitcoin treasury. It went public on Nasdaq in April 2025 under the ticker TOPW and rebranded its listing to SORA in May after a partnership with SORA Ventures. The company says it will use a majority of the $10 million proceeds to buy Bitcoin directly and may allocate some funds to invest in other public companies pursuing similar Bitcoin treasury strategies, subject to regulatory considerations. Top Win stressed it does not intend to operate as an investment company; the move is presented as a way to strengthen its balance sheet with BTC and support long-term growth in the digital asset economy. After the fundraising reveal, Top Win shares fell more than 15% at market open, though the stock was up 12.41% over the prior five days, reflecting short-term volatility and investor caution. The company frames Bitcoin adoption as a hedge against inflation and currency debasement and seeks to position itself among publicly-listed firms integrating BTC into corporate strategy.

Total raised

$10M

Funding rounds

2

Latest round

Convertible Note

Latest activity

Aug 2025