Shares of Indonesian fintech agency DigiAsia Corp surged by over 91% on Might 19, after the Nasdaq-listed firm introduced plans to boost $100 million to provoke Bitcoin purchases as a part of a brand new treasury technique.
The Jakarta-based agency revealed that its board has accepted the creation of a Bitcoin treasury reserve.
DigiAsia says it intends to allocate as much as 50% of its internet income towards buying Bitcoin, signaling a shift in the way it plans to handle its capital amid rising company curiosity in digital property.
DigiAsia Eyes $100M Increase to Gas Bitcoin Treasury Plan
Along with deploying income into Bitcoin, DigiAsia is actively exploring a capital elevate of as much as $100 million to kickstart its holdings.
The agency famous that it’s in talks with regulated companions to develop yield-generating methods for its Bitcoin, together with lending and staking.
DigiAsia can be weighing the issuance of convertible notes and crypto-linked monetary devices to assist its treasury initiative.
The corporate’s inventory, which trades below the ticker FAAS, closed Monday at $0.36—a acquire of greater than 91% on the day.
Nonetheless, after-hours buying and selling noticed a pointy pullback, with shares slipping to $0.28. Regardless of the latest rally, DigiAsia inventory is down almost 53% year-to-date, after peaking close to $12 in March.
In its April monetary replace, DigiAsia reported a 36% improve in annual income, reaching $101 million in 2024.
It initiatives revenues of $125 million for 2025, alongside anticipated earnings earlier than curiosity and taxes of $12 million.
DigiAsia joins a rising checklist of companies transferring Bitcoin onto their stability sheets. Firms corresponding to MicroStrategy, which holds over 576,000 BTC value roughly $60.9 billion, have led the way in which.
Digiasia Corp (FAAS), perusahaan teknologi finansial (fintech) yang berbasis di Jakarta, berencana membentuk cadangan Bitcoin (BTC) strategis untuk kas perusahaan dengan modal US$100 juta atau setara Rp1,6 triliun. pic.twitter.com/8OrV7GCHMs
— Akademi Crypto (@akademicryptoid) Might 20, 2025
Others, together with Attempt Asset Administration and GameStop, have not too long ago introduced plans or raised capital for comparable methods.
Collectively, company treasuries now maintain over three million BTC, valued at greater than $340 billion, in line with knowledge from Bitbo.
Business figures like Blockstream CEO Adam Again argue this pattern is accelerating Bitcoin adoption and will propel its market capitalization to $200 trillion within the coming decade.
For now, Bitcoin’s market cap hovers round $2 trillion, with the asset buying and selling at $105,642, up 2% within the final 24 hours.
Public Firms Improve Bitcoin Publicity
Public firms proceed to extend their publicity to Bitcoin, with Michael Saylor’s agency, Technique, main the cost.
The Virginia-based firm not too long ago introduced it will double its capital-raising efforts to $84 billion with a purpose to purchase extra Bitcoin.
This contains plans to promote a further $21 billion in frequent inventory, following the total utilization of a previous program accepted in October.
Along with fairness gross sales, Technique has additionally expanded its debt issuance goal from $21 billion to $42 billion, with $14.6 billion nonetheless accessible below the present authorization.
This pattern displays a broader institutional curiosity in Bitcoin. In the course of the first quarter of the 12 months, publicly listed companies collectively grew their Bitcoin holdings by 16.1%, indicating continued confidence within the asset regardless of persistent market volatility.
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