The stocks of the Indonesian FinTech company Digiasia Corp almost doubled after the corporate announced that it might collect 100 million US dollars to sow its first of many Bitcoin purchases.
The Jakarta-based company in Nasdaq listed on May 19 that his board of directors needed to approve a “treasury reserve” and “contested as much as 50% of the web profits that were achieved to finance the acquisition of BTC”.
Digiasia said that it was also “actively a capital increase of as much as 100 million US dollars” to begin his Bitcoin -Holdings and would try to realize its participations through funds similar to loans and socket.
Digiasia said it “initiated discussions with regulated partners” and managed its planned Bitcoin -Holdings. The company added that it also judged whether convertible notes or crypto financial instruments should offer which can be connected to the planned Bitcoin transport.
Digiasia shares explode in Bitcoin plans
According to Google Finance, the shares to DigiaSia Corp (Faas) closed on May 19 with a win of just greater than 91% at 36 cents after the corporate's Bitcoin announcement.
Digiasia's Bitcoin plan has increased the share price by over 90% within the regular trading session. Source: Google Finance
After the bell, nonetheless, the Digiasia stock fell by 22% to twenty-eight cents. The company's shares have sunk by almost 53% this yr after almost $ 12 in March 2024.
In a financial update on April 1, Digiasia reported 36% to $ 101 million in comparison with the previous yr. The growth of 24% to $ 125 million in 2025 in addition to profits from interest and taxes of $ 12 million.
A growing variety of firms adds their corporate stocks after the populization by Michael Saylor's strategy, formerly Microstrategy, which has the biggest Bitcoin involvement of all listed firms with 576,230 BTC price almost 60.9 billion US dollars, Bitcoin.
Strive Asset Management announced on May 7 that it’s going to go to a Bitcoin Treasury Company and the video game retailer Gamestop Corporation (GME) accomplished a convertible debt on April 1, which brought in 1.5 billion US dollars, with some revenues for getting Bitcoin.
According to Bitbo data, Bitcoin treasuries corporate bitcoin treasuries have over three million Bitcoin price over 340 billion US dollars.
Adam Back, co-founder and CEO of Blockstream, predicted that firms with Bitcoin-focused government bonds are promoting global adoption and the market capitalization of Bitcoin could achieve $ 200 trillion in the approaching decade.
Bitcoin's market capitalization is currently around 2 trillion dollars. According to Coingecko, BTC changes US dollars last day at 105,642.
