Thailand's DV8 fully shifts to Bitcoin vault strategy! Jason Fang appointed as CEO, stock price big pump by 99% and accelerates layout.

Thai listed company DV8 is accelerating its corporate Bitcoin treasury plan. The company announced today the appointment of Sora Ventures founding partner Jason Fang as CEO, shifting its strategic focus towards Bitcoin asset management and broader digital asset strategies. This move comes after months of capital restructuring at DV8, with its stock price experiencing a big pump of 99.9% following the exercise of warrants, marking the company's official entry into a new "Bitcoin-first" phase.

Background of Strategic Transformation: Cross-border Capital Influx, Complete Overhaul of the Board of Directors

In July this year, a cross-border investment group composed of Sora Ventures, UTXO Management, Kliff Capital, AsiaStrategy, Moon Inc., and Mythos Group has taken control of DV8 through a voluntary tender offer, laying the foundation for its centralized Bitcoin strategy in the Southeast Asian market.

Subsequently, renowned Thai investor Chatchaval Jiaravanon was appointed as chairman, and the board was expanded to include a diverse team of local executives and cryptocurrency operators.

Capital Action: 99.9% Warrant Exercise, Cash Flow Significantly Enhanced

DV8 completed the DV8-W2 warrant plan in mid-July, with shareholders exercising 99.9% of the warrants at a price of 0.80 Thai Baht, bringing approximately 241 million Thai Baht (about 7.4 million USD) in new capital to the company, increasing cash reserves by 38%.

This fund will be used to advance the Bitcoin vault project, build relevant infrastructure, and carry out financial and investment activities under the new authorization.

Jason Fang's Bitcoin Strategic Blueprint

As a founding partner of Sora Ventures, Jason Fang has extensive experience in promoting publicly listed Bitcoin projects in Asia:

December 2024: Establish a $150 million fund to assist publicly listed companies in implementing compliant Bitcoin balance sheet strategies.

February 2025: Propose the "Microstrategy 2.0" framework, combining direct holdings with yield-oriented structured products, and eliminating the final investor's private key management burden.

Sora ecosystem: Through the merger with Top Win International and the renaming on Nasdaq to AsiaStrategy (SORA), it opens up the Bitcoin investment channel between Hong Kong and the United States.

Fang stated that DV8's recent focus will be on financial governance, the pace of information disclosure, and the timing and scale of the first Bitcoin purchases, and will utilize Sora network's experience in cross-border financing and structured yield to establish a sustainable Bitcoin asset management model for DV8.

Thailand's regulatory environment warming up, boosting Bitcoin adoption

Thailand has recently introduced several policies favorable to digital assets:

Cryptocurrency income personal income tax exemption (for five years) to reduce capital formation friction for Bitcoin bonds and stocks.

Allow USDT and USDC as trading mediums, expand local exchanges' stablecoin pairs, and enhance market liquidity.

Approved the first local spot Bitcoin ETF, providing regulated Bitcoin exposure for institutions and retail investors.

These policies provide a favorable environment for DV8 to implement the Bitcoin vault model in Thailand and Southeast Asia.

Future Outlook: Bitcoin Priority + Regional Network

The roadmap of DV8 shows that the company will focus on Bitcoin as its core asset and will combine Sora Ventures' cross-border investment network to establish partnerships with Southeast Asian and international listed companies, promoting Bitcoin as an important component of corporate balance sheets.

Fang emphasized that this is not only a shift in asset allocation, but also an upgrade in the interaction model between corporate financial structures and capital markets.

Conclusion

After completing equity restructuring, a board overhaul, and capital injection, DV8 has entered a key execution phase for its Bitcoin strategy. With the addition of Jason Fang and improvements in the regulatory environment in Thailand, DV8 is expected to become the most representative enterprise Bitcoin vault pioneer in Southeast Asia and secure a place in the global wave of Bitcoin adoption.