Group 1 - Top Win International Limited, through its subsidiary AsiaStrategy, intends to make a tender offer for the securities of DV8 Public Company Limited, a company listed on The Stock Exchange of Thailand [1][2] - AsiaStrategy plans to acquire up to 152,842,577 ordinary shares, representing 11.58% of DV8's total issued and paid-up share capital, at an offer price of THB 0.56 per share and THB 0.01 per warrant [2] - The offer period is expected to close on August 20, 2025, and is subject to acceptance by DV8's security holders [2] Group 2 - The transaction is supported by a coalition of Bitcoin visionaries and strategic investors, marking a significant moment for Thailand's capital markets [3] - This alliance includes leaders from Bitcoin treasury companies across multiple stock exchanges and institutional investors from various regions [3] Group 3 - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and is expanding into the Web3 ecosystem to focus on digital assets [4] - The company has been operational since 2001 and is headquartered in Wan Chai, Hong Kong [4]

Our business is US only. So, uh, it shot up purchases in in April and May. A lot of buyers in the US, I think, that were waiting on purchasing a watch tended to, you know, push in the direction of transacting quicker rather than later, uh, because they're worried about the the tariffs coming into play. And then you know now coming into you know the end of June early July we're seeing a lot of the markets uh the prices are increasing for the first time in a long time because the primary brands are starting t ...

Core Insights - The company is making significant moves to strengthen its position in Asia's digital assets sector through strategic investments and a rebranding initiative [1][2][3] Group 1: Strategic Investments - The company has signed agreements to invest in two prominent Asia-listed companies: HK Asia Holdings Limited (1723.HK) in Hong Kong and Metaplanet (3350.JP) in Japan [2] - Investments in HK Asia Holdings are structured to allow the company to acquire shares at favorable terms, while Metaplanet shares are being acquired at a discount to market value, ensuring a cost-effective entry [2] - HK Asia Holdings has successfully adopted the Bitcoin Treasury Model, leading to a share price increase of 15 times its pre-adoption value [2] - Metaplanet has accumulated 7,800 BTC valued at over $800 million, with its stock price increasing over 3,600% from under ¥1,000 to above ¥6,650 since early 2024, achieving a market capitalization of $2.52 billion as of May 20, 2025 [2] Group 2: Corporate Rebranding and Leadership - The company has changed its Nasdaq ticker symbol from TOPW to SORA to reflect its commitment to digital assets and appointed Jason Fang, Founder and Managing Partner of Sora Ventures, as Chairman of the Board [3] - A proposed name change from Top Win International Limited to AsiaStrategy has been approved by the Board of Directors, pending shareholder approval and registration in the Cayman Islands [3] Group 3: Company Background - Top Win International Limited is a Hong Kong-based company specializing in the trading, distribution, and retail of luxury watches, and is now venturing into the Web3 ecosystem and digital assets [4]

Core Viewpoint - Top Win International Limited is rebranding to "AsiaStrategy" and expanding into the digital assets sector, aiming to capitalize on the growing Web3 ecosystem and the potential of digital assets as a critical asset class [1][2] Company Overview - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and will begin focusing on digital assets starting May 2025 [7] - The company is headquartered in Wan Chai, Hong Kong, and has been operational since 2001 [7] Strategic Expansion - The company plans to partner with Sora Ventures, a prominent Web3 fund, to leverage its resources and expertise in the digital asset space [2][3] - The strategic focus will be on unlocking potential in Asian markets, particularly in managing a digital assets treasury to hedge against inflation and benefit from Web3 growth [2] Leadership Changes - Jason Fang, founder of Sora Ventures, will join the company as a board member and will serve as Co-CEO alongside Tony Ngai [4][5] - Fang has extensive experience in the blockchain industry and has successfully navigated multiple market cycles, making him a valuable asset for the company's transformation [5] Market Context - Asia is positioned as a key player in the digital assets sector, with a tech-savvy population and evolving regulatory frameworks, making it a high-growth market for digital assets [1][2] - Sora Ventures has invested in over 30 bitcoin-focused companies and is actively working on initiatives to promote Bitcoin treasury management in Asia [3][8]