DigiAsia Plans to Invest $100 Million in Bitcoin via Nasdaq
- DigiAsia to invest part of profits in buying Bitcoin
- Nasdaq-listed company plans to raise $100 million
- Strategy includes creation of treasury reserve in Bitcoin
Indonesian fintech DigiAsia, recently listed on Nasdaq, announced which intends to raise up to $100 million in capital with the aim of acquiring Bitcoin. The statement, released on Monday, reveals that the decision was approved by the company's board, which sees this initiative as part of a growing trend among publicly traded companies.
DigiAsia’s strategy is not limited to fundraising alone. The company has also decided to allocate 50% of its future net profits to accumulate Bitcoin as part of its treasury. In addition, it is evaluating the use of equity-linked financial instruments, convertible notes and structured products based on crypto assets to achieve its goals.
“DigiAsia has initiated discussions with regulated partners on BTC yield strategies and BTC treasury reserve management,” the company said in the statement.
DigiAsia shares surged 91% after the announcement, closing at $0,3553 on Monday. However, after the close of trading, the shares fell 23,47%, according to data from Yahoo Finance. It is worth noting that the company's shares have fallen 96% in the last 12 months, starting at $9,60 in May 2024.
Based in Jakarta, DigiAsia offers fintech-as-a-service solutions, focusing on digital payments and e-wallets in emerging markets. According to its latest report, the company’s revenue in 2024 was $101 million, up 36% from the previous year. For 2025, it expects to grow 24%.
DigiAsia’s move follows the likes of Michael Saylor’s Strategy, which recently announced the purchase of 7.390 BTC for $764,9 million. Also on Monday, Japan’s Metaplanet revealed it had added another 1.004 BTC to its holdings, bringing its total to 7.800 BTC. These moves reinforce Bitcoin’s role as a strategic reserve among publicly traded companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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