Exclusive interview with Taiwan's first Bitcoin strategy listed company: Zhitong creates Taiwan's MicroStrategy, with stock price and volume both rising.

At the board meeting on August 8, 2025, Zhi Tong Technology (8932) made a key decision – to adopt a Bitcoin reserve strategy and establish a partnership with the international digital asset investment institution Top Win International Limited (SORA). This makes Zhi Tong the first listed company in Taiwan to implement a Bitcoin capital strategy, marking its transition from a traditional technology company to a new transformation in blockchain and fintech.

In this interview with Chain News, the General Manager of Zhitong Technology, Cai Kunhuang, stated that this initiative continues the company's business philosophy of "advancing with the times." He emphasized: "As the first publicly listed company in Taiwan to adopt a Bitcoin reserve strategy, this not only echoes Zhitong's consistent business philosophy of advancing with the times, but also represents a key step for us from a traditional technology company into a new chapter of blockchain and fintech. We believe that digital assets will become an important engine driving Zhitong's growth and enhancing our international competitiveness."

( Taiwan's first Bitcoin strategy listed company: Zhito Technology ( stock price surged 8%, reaching 213 NT dollars, hitting a recent high! )

Strategic Motivation: From Asset Preservation to Capital Market Effects

Zhitong regards Bitcoin as part of corporate asset allocation, driven by three key motivations. Firstly, the scarcity of Bitcoin, with a total supply cap of 21 million coins, gives it characteristics that resist inflation and combat the depreciation of fiat currency. Secondly, Zhitong's business spans multiple currency markets, and Bitcoin can serve as a currency hedging tool, reducing the risks associated with currency volatility. Lastly, Bitcoin possesses a "valuation leverage" effect in the capital markets, with the company expecting to amplify NAV and EPS through investments related to Bitcoin reserves, further enhancing shareholder value.

Investment Tool Design: A Hybrid Convertible Bond

Unlike direct coin purchases, Zhitong chooses to enter the Bitcoin strategy through a 2 million USD three-year convertible note issued by SORA. The company points out that this is a design that combines both offense and defense:

When the market is bullish, participate in capital appreciation through conversion of shares.

When the market is down, retain creditor protection and continue to enjoy a fixed interest of 3%.

This arrangement not only ensures that the company can participate in the upward potential of Bitcoin capital strategies, but also effectively manages risks and protects the interests of investors.

Collaboration with SORA: Compliance First, Gradual Implementation

Zhitong emphasizes that the key to collaborating with SORA lies in its accumulated compliance experience in markets such as Japan, Hong Kong, and South Korea. Since Taiwan's accounting standards and regulatory stance regarding direct holdings of Bitcoin by listed companies are not yet clear, Zhitong has chosen to indirectly participate through SORA's framework and absorb its compliance and accounting processing models. In the future, once the IFRS ) International Financial Reporting Standards Foundation( and Taiwan's policies are gradually clarified, the company will consider directly incorporating Bitcoin into its balance sheet.

Compared to the method of purchasing coins directly from Dafeng Electric, Zhitong's differentiated strategy is more gradual, highlighting the principle of "compliance first, protecting shareholders."

Business Integration: New Momentum in Payment and Cross-Border Finance

Zhitong stated that the Bitcoin strategy is not only an asset-level layout, but also plans to integrate with its FinShell Pay platform and future payment business. Development in the future is not ruled out:

Bitcoin and stablecoin payments

Small loans secured by crypto assets (combined with Indian NBFC license)

Cross-border settlement services to reduce costs and improve efficiency.

It is worth noting that Zhitong has completed the acquisition of India's Letul Investments Private Limited and obtained an NBFC license, laying the foundation for the expansion of international digital financial business. This will enable the company to drive the deep integration of Bitcoin and financial technology applications in the global market.

Market response and shareholder feedback

After the announcement was released, Zhito's stock price and trading volume rose simultaneously, reflecting the market's strong recognition of the new strategy. Zhito stated that major shareholders also provided positive feedback, believing that this move will bring a new growth story for Zhito and attract more international investors' attention.

Some viewpoints suggest that if Bitcoin maintains a bullish trend, Zhitong's layout may provide continuous support for stock prices, potentially leading Taiwanese listed companies into a new era of "Bitcoinization."

Risk Management: Long-term Holding and Financial Hedging

In response to the external concern regarding volatility risks, Zhiyitong has proposed multiple defense lines, including entering the market in batches to reduce single-point risks, adopting a long-term holding (HODL) strategy to avoid short-term speculation, and using financial instruments for hedging when necessary. These measures demonstrate the company's emphasis on risk management and its attitude of achieving a balance between innovation and stability.

Insights on Capital Markets

The actions of Zhihong are not only a transformation of the company itself but are also seen as an important revelation for Taiwan and the Asian capital markets. The company hopes to prove through its own practice that Bitcoin is not only a speculative asset but can also become part of the capital strategy of listed companies. This move may rewrite the narrative of corporate valuation, expanding from the traditional "business × profitability" to "business × digital asset reserves."

Zhitong does not merely view Bitcoin as an investment, but incorporates it into the long-term strategy of the enterprise, creating a new generation "Blockchain + Fintech" business blueprint through asset preservation, business innovation, and international cooperation. This case may become an important milestone for Asian enterprises, opening a new chapter for the future capital market.

This article interviews Taiwan's first Bitcoin strategy public company: Zhitong creates Taiwan's MicroStrategy, with stock price and volume both rising. First appeared in Chain News ABMedia.