AsiaStrategy, formerly Top Win International, is a Hong Kong luxury watch trader that holds BTC as a treasury asset, buys more BTC with capital it raises, and lends USD against BTC collateral.
Nasdaq:SORA- BTC holdings
- 30
- Cost Basis
- $3.42M
- Average cost / BTC
- $114,070
- Change since start of year
- —
$2.21M · as of Dec 31, 2025 · price as of Nov 11, 2026
NgU 0.64× · as of Dec 31, 2025
—
- Market Cap
- $58.68M
- Enterprise Value
- $71.37M
- mNAV
- 32.35×
- Holdings per Share (BTC)
- 111.03 sats
Balance sheet values as of Dec 31, 2025, basic shares as of Dec 31, 2025: 20-F · Apr 30, 2026
Asset holdings
Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.
| Asset | Holdings | Cost Basis | As of | Sources |
|---|---|---|---|---|
| BTC | 30 | $3,422,103.00 USD | Dec 31, 2025 |
HoldingsBTC vs USD value
30 BTC
$2.21M USD value · as of 2026-11-10
- BTC Holdings (left)
- USD Value (right)
BTC Reserve
30 BTC
Average Cost $114,070 / BTC
- Holdings
- Average Cost
- Purchase (size = amount)
- Sale (size = amount)
BTC historical holdings
| Date | Change | Holdings | Cumulative cost | Average Cost | Sources |
|---|---|---|---|---|---|
| Dec 31, 2025 | 00% | 30 | $3.42M | $114,070 | |
| Sep 30, 2025 | — | 30 | — | — |
Advanced metrics
| Date | BTC holdings | Shares outstanding | BTC per share | Stock price | Market Cap | Financials | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Cost Basis | Value | Basic | Diluted | Basic | Diluted | Basic | Diluted | Cash | Debt | ||
| Dec 31, 2025 | 30 | $3.42M | $2.63M | 24.9M | 27M | 0.000001207 | 0.00000111 | $3.05 | $75.84M | $82.41M | $1.46M | $14.16M |
| Sep 30, 2025 | 30 | — | $3.42M | — | — | — | — | $4.50 | — | — | — | — |
— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.
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AsiaStrategy30 BTC