- Jetking Infortrain becomes India’s first public firm to add Bitcoin to its treasury.
- The company raises ₹6.6 crore to expand its Bitcoin holdings and digital assets.
- Jetking’s Bitcoin strategy aligns with global trends, mirroring firms like MicroStrategy.
Indian technology firm Jetking Infortrain Limited is set to make history as the first publicly traded company in India to add Bitcoin (BTC) to its treasury. The company recently announced plans to raise funds to expand its Bitcoin holdings. This move signals a growing acceptance of cryptocurrency in the Indian corporate sector. Besides, it highlights the firm’s commitment to integrating Bitcoin into its long-term financial strategy.
Jetking’s Fundraising Initiative
Jetking’s board has approved a strategic fundraising initiative aimed at acquiring more Bitcoin. The company plans to issue equity shares to the Promoter Group and selected non-promoters under India’s Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. Consequently, this capital infusion will support Jetking’s expansion in the digital asset space.
CFO Siddarth Bharwani revealed that Jetking is issuing 428,622 equity shares at ₹154 per share. This includes a ₹10 face value and a ₹144 premium, resulting in a total issue size of ₹6.6 crore. The funds will be allocated toward purchasing digital assets, meeting operational expenses, and enhancing education and training programs focused on Bitcoin.
Jetking board approves "Strategic Fund Raise" to turbo charge foray in Virtual Digital Asset acquisition.
— Siddarth ₿harwani (@sidbharwani) April 2, 2025
Primary Objectives:
🔸 To expand our Bitcoin treasury operations, we plan to raise capital for sustainable growth & scalability.
🔸 The funds will be raised through the…
Strengthening Bitcoin Treasury Operations
Jetking has been a prominent player in India’s IT sector for over 77 years. On December 9, 2024, the company acquired 12 Bitcoin valued at approximately $1.2 million. This strategic investment underscores its confidence in Bitcoin as a valuable asset. Moreover, Jetking’s Bitcoin treasury strategy aligns with global corporate trends, drawing comparisons to firms like MicroStrategy.
By increasing its Bitcoin reserves, Jetking aims to position itself as a leader in India’s evolving cryptocurrency landscape. Hence, the firm is not only embracing digital assets but also pioneering their integration within traditional business models.
India’s Crypto Market Outlook
The Indian crypto market has witnessed significant growth despite regulatory uncertainties. Jetking’s decision to expand its Bitcoin holdings reflects a broader shift among Indian businesses toward digital assets. Moreover, this move could inspire other publicly traded firms to explore Bitcoin as a financial asset.
At press time, Bitcoin is priced at $84,803.70, with a 24-hour trading volume of $29.2 billion. The cryptocurrency has gained 1.24% in the last 24 hours but has declined 3.44% over the past week. With a circulating supply of 20 million BTC, Bitcoin’s market capitalization stands at $1.68 trillion.
