DV8 today appointed Solaventure’s founding partner Jason Fan as chief executive officer, outlining the company’s Bitcoin Treasury and the move to a broader digital asset strategy, the company said.
The move follows a month-long restructuring of domestic violence and balance sheets.
Cross-border groups, including SORA Ventures, UTXO Management, Kliff Capital, Asiastrategy, Moon Inc. and Mythos Group, began a acquisition of the tylisted company in July through a voluntary tender acquisition, running a Bitcoin-centric playbook for public companies in Southeast Asia in DV8.
A few days later, DV8 appointed Thai investor Chatchaval Jiaravanon as chairman, expanding the board with a mix of local executives and crypto operators.
DV8 also raised fresh capital through a warrant programme completed in mid-July. According to the company’s application, shareholders exercised 99.9% of the DV8-W2 warrant available for 0.80 baht, adding about $241 million and about $7.4 million, and increased cash by 38%. Capital Rays will provide the company with rooms to begin financial activities and related infrastructure work under new missions.
Fang arrives with a record of the structuring of listed corporate Bitcoin programs around Asia. In December 2024, SORA Ventures announced a $150 million fund aimed at helping public companies implement a balance sheet Bitcoin strategy tailored to local market rules.
In February, Fang detailed the “MicroStrategy 2.0” framework in Hong Kong. It combined direct holdings with yield-oriented structural products while removing secret key management from the final investors.
The SORA ecosystem has since moved to the open market through Top Win International merger and branded passes to NASDAQ’s ASIASTRAGEY, including a ticker change to SORA and a push to strategic investments related to the company’s adoption of Bitcoin.
In August, ASIASTRATEGY disclosed a $10 million convertible note led by Wiselink, and began accepting Bitcoin for luxury watch sales, adding an operational payments tier to complement its financial papers.
The background to Thai policy has been improved as companies explore digital assets. The government has approved a five-year personal income tax exemption on investors’ cryptocurrency benefits, a move to reduce capital formation around Bitcoin and financial stocks and participation in potential secondary markets.
Securities regulators are also allowing USDT and USDC use in digital asset transactions, allowing Stablecoin pairs at local venues and expanding their toolkits for market liquidity. Individual coverage of this cycle points to the approval of the first local spot Bitcoin ETF, indicating a gradual increase in Bitcoin exposure regulated within the jurisdiction.
In the case of domestic violence, the immediate roadmap focuses on Treasury governance, disclosure cadence, and initial Bitcoin purchase sequence, while the board transition and new cash provide operating standards.
Previous actions around Sora’s network, including structured yield overlays and crosslists connecting Hong Kong and the US market, provide a template for how Treasury accumulation can interact with corporate finance tools and product initiatives.
DV8 bids, board changes and guaranteed funds provide background to Fang’s appointment. This focuses on the decision-making of Thai issuers to pursue a Bitcoin-first model linked to a wider regional network of public companies and investors.
Disclosure: SORA Ventures is an Investor Encryption.