The actions of the firm of Fintech Indonesia Digiasia Corp almost doubled after the company said it plans to raise $ 100 million to sow its first in many purchases of Bitcoin.
The company that is quoted in Nasdaq, based in Yakarta, said on May 19 that its board of directors approved the creation of a “Treasury Reserve” of Bitcoin (BTC) and that it was “compromising up to 50% of the net gains generated to finance the acquisition of BTC”.
Digiasia said he was also “actively exploring a capital increase of up to US $ 100 million” to start his Bitcoin holdings and that he would seek to gain performance in his holdings through loans and media strike.
Digiasia said he had “initiated discussions with regulated partners” on performance strategies and administer his planned Bitcoin holdings. The company added that it was also evaluating whether to offer convertible notes or cryptographic financing instruments linked to its planned bitcoin transport.
Digiasia actions explode in Bitcoins plans
The actions in Digiasia Corp (FAA) closed on May 19, quoting a gain of approximately 91% to 36 cents after the company’s Bitcoin announcement, Choogle Finance Chording.
However, after the bell, Digiasia stock fell 22% to 28 cents. The company’s shares have dropped almost 53% so far this year, having reached a maximum point of just under $ 12 in March 2024.
In a financial update on April 1, Digiasia reported that its income grew 36% year -on -year to $ 101 million in 2024. Projected a growth or 24% to $ 125 million in 2025, together with profits before interest and taxes of $ 12 million.
A growing number of companies is adding Bitcoin to their corporate holdings, after its popularization for the strategy of Michael Saylor, previously Microstratey, which has the great Bitcoin holdings of any advertising of $ 676,230 BTC, value, value, value, value, value, concern, BTC.
Strive Asset Management announced on May 7 that the transition to a Bitcoin treasury company, and the Retainer of video games Gamestop Corporation (GME) finished a convertible debt offer on April 1 that raised $ 1.5 billion, with the figure.
Related: Metaplanet Scoops 1.004 bitcoin in the second largest purchase in history
Corporate Bitcoin bonds collectively have about three million in Bitcoin, with a value of more than $ 340 billion, according to Bitbo data.
Blockstream co -founder and CEO, Adam Back, predicted that Bitcoin -centered Treasury bonds are promoting global adoption and could boost Bitcoin market capitalization reached $ 200 billion in the next decade.
Bitcoin market capitalization is currently in around $ 2 billion, with BTC changing from hands to $ 105,642, 2% more on the last day, according to Coingecko.
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