Jetking Infotrain raise ₹115M for Bitcoin Strategy
Jetking Infotrain don secure board approval to issue 460,000 preference shares, wey go raise ₹115 million to fund dia Bitcoin strategy. CFO Siddarth Bharwani announced this for December 2024, say the plan na to diversify the company asset base and make sure say dem fit take care inflation through Bitcoin (BTC). This kind preferential equity issue show say corporate treasury dey shift more to digital assets, wey fit give low-correlation diversification, portfolio stability, and long-term growth. Big names like MicroStrategy and Tesla don clear road by using Bitcoin for inflation hedge and price appreciation. Crypto traders suppose dey watch this Bitcoin strategy move well well as e fit boost institutional BTC demand, affect price movement, and hint the changing regulatory and market trends.
Bullish
By to put ₹115 million for Bitcoin through preference share issuance, Jetking Infotrain join big companies wey dey boost institutional demand for BTC. This increase demand fit support prices for short and long term, even with Bitcoin own wahala with volatility. The move show say corporate confidence dey grow and e fit encourage more institutional people to enter, wey go put upward pressure for BTC markets.