SORA · NASDAQ · Luxury Goods

AsiaStrategy (SORA)

Trades luxury watches while expanding into institutional Bitcoin-treasury operations in Asia.

$2.29
vs last close+0.02 (+0.69%)
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AsiaStrategySORA
Consumer Discretionary

Operates through a Hong Kong luxury-watch trading subsidiary that buys from regional sources and sells to retailers and distributors. A Cayman holding company, it has also expanded toward institutional digital-asset and Bitcoin-treasury operations in Asia.

Operates through Top Win Hong Kong, a luxury-watch trading subsidiary that buys from Europe, Singapore, Japan, and Hong Kong and sells to retail sellers and watch-industry distributors. The legacy business sources watches internationally.

Formed in the Cayman Islands as a holding company, it has no standalone operations. Its ordinary shares began Nasdaq trading in 2025 after the group reorganized around the Hong Kong operating business.

Since 2025, management has expanded toward institutional digital-asset and Bitcoin-treasury operations in Asia. The initiative uses Bitcoin custody and settlement arrangements through Anchorage Digital Bank.

Company facts

CEOJason Kin Hoi Fang and Kwan Ngai
ListedApr 2, 2025
ExchangeNASDAQ
HeadquartersHong Kong, Hong Kong
CountryHong Kong
Employees7
CIK0002033515
ISINKYG8946B1086

Market cap$56.4M
EPS (ttm)
P/E (ttm)
ROE
P/B20.15
P/S
Dividend yieldDiv yield
Beta1.77vs XLY −0.61

No analyst consensus on record.

Not reported.

Debt to equity65.00%
Current ratio651.20%

ProfitabilityRevenueNet incomeNet margin

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q4 FY25
Revenue$7.1M$7.1M$11.5M$7.3M$7.9M$9.7M$845.9K
Net income$36.0K$36.0K$271.6K−$74.9K−$218.1K$175.9K$1.6M
Net margin0.5%0.5%2.4%0.0%0.0%1.8%194.9%

GrowthOperating income

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q4 FY25
Operating income$96.8K$96.8K$464.7K$294.4K−$118.7K$347.1K−$135.1K
YoY growth+380.3%+204.3%Turned loss+17.9%Turned loss

Balance sheet, Dec 31, 2025Cash & short-term investments $2.5M · Total debt $1.8M · Total assets $5.1M · Shareholders' equity $2.8M

Revenue
$845.9K
Operating income
−$135.1K
Net income
$1.6M
View details

No dividends on record.

Institutions0.14%35.6K shares
6 holders · as of Jun 30, 2026
Other99.86%24.83M shares
remainder

24.86M company shares as of Sep 19, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Geode Capital Management, LLCInstitution
0.06%15,111as of Jun 30, 2026
Wedbush Securities IncInstitution
0.05%13,056as of Jun 30, 2026
Tower Research Capital LLC (TRC)Institution
0.01%2,500as of Jun 30, 2026
UBS Group AGInstitution
0.01%2,475as of Jun 30, 2026
Efg International AGInstitution
0.01%1,500as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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Compare

CompanyPriceChange
AsiaStrategy$2.29+0.69%$56.4M
Strategy$169.60+0.65%$55.74B5.1111.9+6.9%
Median5.1111.9+6.9%