Jetking Infotrain Raises ₹115M for Bitcoin Strategy
Jetking Infotrain has secured board approval to issue 460,000 preference shares, raising ₹115 million to fund its Bitcoin strategy. Announced by CFO Siddarth Bharwani in December 2024, the plan aims to diversify the company’s asset base and hedge against inflation through Bitcoin (BTC).
This preferential equity issue reflects a broader corporate treasury shift toward digital assets, offering low-correlation diversification, portfolio stability, and long-term growth. High-profile adopters such as MicroStrategy and Tesla have paved the way by leveraging Bitcoin for inflation hedging and price appreciation.
Crypto traders should monitor this Bitcoin strategy move for its potential to boost institutional BTC demand, influence price dynamics, and signal evolving regulatory and market trends.
Bullish
By allocating ₹115 million to Bitcoin via a preference share issuance, Jetking Infotrain joins major corporates in boosting institutional demand for BTC. This increased demand is likely to support prices in both the short and long term, despite Bitcoin’s inherent volatility. The move signals growing corporate confidence and may encourage further institutional entries, creating upward pressure on BTC markets.