The Indonesian Fintech firm Digiasia Corp’s shares almost doubled as the company said it plans to raise $ 100 million for its first seed to buy several bitcoins.
Jakarta-based Nasdaq-list company Said On May 19, its board of directors approved the creation of a bitcoin (BTC) “Treasury Reserve” and it “was committed to 50% of any net profit generated to fund BTC acquisition.”
Digiasia stated that it was also “actively searching for a capital growth up to US $ 100 million” to kickstart ” Bitcoin holdings And will see to earn yield on your holdings through means like borrowing and staking.
Digiasia said that he had “started discussing with regulated partners” on the produce ” strategy And managing its employed bitcoin holdings. The company said that it was also assessing whether convertible notes or crypto finance instruments are connected to its planned bitcoin hall.
Digiasia stock explodes on bitcoin plans
Shares in Digiasia Corp (FAAS) closed at a profit of more than 91% at 36 cents after the company announced the company’s bitcoin on May 19, According For Google Finance.
However, after the bell, Digiasia stock fell 22% to 28 cents. So far this year, the company shares are about 53% below, which is just less than $ 12 in March 2024.
In a financial update on 1 April, Digiasia Informed Its revenue increased from 36% to $ 101 million in 2024. This estimated an increase of 24% in 2025, which earned interest and earlier from $ 12 million taxes.
The increasing number of companies is adding bitcoin to its corporate holdings, after its popularity Michael Siler’s strategyEarlier, the microstrate, which has the largest bitcoin holding of any public company at 576,230 BTC, priced around $ 60.9 billion.
Asset Management declared on 7 May said that It is going to infection in a bitcoin Treasury CompanyAnd video game retailer Gamestop Corporation (GME) completes a convertible loan offer On 1 April, who raised $ 1.5 billionWith some income to buy bitcoin.
Connected: Metaplanet scoops 1,004 bitcoin 2-in big purchases
According to Bitbo, corporate bitcoin tragedy has organized over three million in bitcoin at a price of over three million. data,
Blockstream co-founder and CEO Adam Back Principal firm with bitcoin-centric treasury Global adoption is taking place and can push the market cap of bitcoin to $ 200 trillions in the coming decade.
Bitcoin’s market cap is currently sitting on about $ 2 trillion, BTC has changed his hand at 2%, $ 105,642 in the previous day, According For coingecko.
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