Jetking has announced a ₹6.6 crore fundraising to enhance its Bitcoin holdings and educational programs. The company intends to use these funds for digital currency investments and corporate growth.
Fundraising Details
Jetking's board has approved the issuance of 428,622 equity shares at ₹154 each. They will be allocated to the promoter group and selected investors according to SEBI regulations. Changes in the shareholding structure require shareholder and regulatory approvals.
Company's Strategic Plans
Jetking aims to expand its Bitcoin fund, invest in Bitcoin and blockchain-based education and training, and allocate funds for general corporate growth. The company’s management remains unchanged.
Market Reaction and Prospects
Siddarth Bharwani pointed out that this is not merely following a trend, but rather strategic future planning. Time will tell if the company can achieve its goals.
Jetking's decision to raise investments for Bitcoin expansion highlights its confidence in the future of digital finance. The company's next steps will depend on shareholder approvals and successful task implementation.
