Jetking Infotrain has rolled out an ambitious Bitcoin accumulation strategy, becoming the first publicly traded company in India to adopt Bitcoin as its primary treasury asset. This development could significantly impact the cryptocurrency market in India.
Jetking's Bitcoin Accumulation Strategy
Jetking plans to accumulate 210 BTC by the end of 2025, with a long-term vision of reaching 18,000 BTC by 2030. The company currently holds 21 BTC.
Reasons for Embracing Bitcoin Reserves
The company aims to hedge against inflation and the depreciation of fiat currency, reflecting a strategy similar to U.S.-based MicroStrategy.
Impact on India's Crypto Market
The market has reacted positively to the announcement, with Jetking's stock surging by over 135%. This could encourage other companies to explore integrating cryptocurrencies into their financial strategies.
Jetking Infotrain's Bitcoin accumulation strategy may herald a new era for Indian companies looking to leverage digital assets in corporate finance.
