DigiAsia Corp, a digital financial services firm, has announced plans to integrate Bitcoin into its corporate treasury, reflecting a growing interest among public companies in digital assets.
DigiAsia's Bitcoin Initiative
The Board of Directors of DigiAsia has approved an initiative to allocate up to 50% of the company's net earnings to purchase Bitcoin. This decision signals a drive to enhance financial performance and diversify assets.
Strategy for Utilization of Funds
DigiAsia plans to raise up to $100 million in capital to finance its first Bitcoin positions. The funds will be used not only for Bitcoin investments but also to execute yield-producing crypto strategies.
Management Comments and Market Situation
The initiative will lead to negotiations with regulated counterparties experienced in Bitcoin yield strategies. DigiAsia's Co-CEO Prashant Gokarn stated, "We believe Bitcoin is an attractive long-term investment and an important layer for treasury diversification."
DigiAsia Corp joins a growing number of NASDAQ-listed companies using Bitcoin as a treasury asset, reinforcing confidence in its future role in the global financial system.
