According to DV8, Fang’s appointment follows a July voluntary tender offer-led ownership reshaping and fresh warrant funding, underpinning a pivot to a corporate Bitcoin treasury and broader digital asset strategy in Southeast Asia.
DV8 announced Jason Fang, founding partner of Sora Ventures, as CEO, outlining a shift to a corporate Bitcoin treasury and broader digital asset strategy, according to the company’s official statement. The move follows a July voluntary tender offer from a cross-border group including Sora Ventures, UTXO Management, Kliff Capital, AsiaStrategy, Moon Inc., and Mythos Group. DV8 subsequently named Thai investor Chatchaval Jiaravanon as chairman and expanded its board. A mid-July warrant program saw 99.9% of DV8-W2 exercised at 0.80 baht, adding about THB 241 million (~$7.4m) and lifting cash by 38% to support treasury activity and infrastructure. Fang’s background includes Sora Ventures’ $150m fund (Dec 2024) and a “MicroStrategy 2.0” framework in Hong Kong pairing direct BTC holdings with yield-oriented products. Thailand’s backdrop includes a five-year personal income tax exemption on crypto gains and regulator authorization of USDT and USDC in digital asset transactions; separate coverage has pointed to a first local spot Bitcoin ETF approval.