Top Win International Limited, a Taiwanese company listed on Nasdaq, has secured $10 million to create a Bitcoin treasury, becoming the first public company in Taiwan to undertake this initiative.
Top Win's Investment
The company announced its $10 million raise on August 15, 2025, with investors including the fintech firm WiseLink. WiseLink acquired three-year convertible notes as part of its investment in Top Win. The two companies signed a memorandum of understanding, which establishes a collaboration around WiseLink's 'bitcoin + cross-border finance' initiative.
Market of Bitcoin Treasury Companies
Currently, there are 167 public companies using Bitcoin as a treasury asset, collectively holding over 976,132 BTC. Following this trend, Top Win joins the growing number of companies that are making long-term bets on Bitcoin.
Top Win's Strategy
Top Win plans to use all proceeds from the raise to purchase Bitcoin. Furthermore, the company is considering investments in other publicly listed Bitcoin treasury companies, with some proceeds allocated for operating capital. However, it does not intend to operate solely as an investment company.
The strategy of acquiring Bitcoin and the rise in the number of public companies using it as a treasury highlight the ongoing development of digital assets in the market and organizations' desire to integrate Bitcoin into their financial strategies.
