DigiAsia stock jumped 90% after a $100M raise and news that it will put 50% of profits into Bitcoin as part of its treasury strategy.
DigiAsia stock experienced a 91% increase on May 19, concluding at 36 cents.
This occurred after the organization’s declaration that it would incorporate Bitcoin into its treasury strategy.
The fintech company, which is headquartered in Indonesia, has announced its intention to raise $100 million to commence the development of its BTC reserves.
This move is indicative of the increasing number of public companies that are transitioning to digital assets.
The board of the Jakarta-based corporation, which is traded on the Nasdaq under the symbol FAAS, has authorized the establishment of a Bitcoin treasury.
Additionally, it pledged to allocate up to 50% of its future net profits to acquiring Bitcoin.
DigiAsia Adopts Bitcoin As New Reserve Asset
DigiAsia disclosed its intention to expand its revenue streams by offering crypto-linked financial products, staking, or lending its Bitcoin.
The organization is currently in discussions with licensed partners to assist in the secure management of these digital assets.
MicroStrategy, Metaplanet, and GameStop have also incorporated Bitcoin into their balance accounts in recent months, consistent with their recent actions.
DigiAsia Stock Experiences Brief Rise, Subsequent Decline In After-Hours Trading
DigiAsia stock experienced a significant increase during regular trading hours; however, it experienced a 22% decline in after-hours trading, ultimately closing at 28 cents.
DigiAsia stock has fallen by 53% so far in 2025, despite the day’s gain, despite reaching a high of nearly $12 in March.
Despite declining stock prices, the organization has achieved robust business outcomes.
In 2024, DigiAsia reported a revenue of $101 million, a 36% increase from the previous year.
It anticipates $125 million in revenue and $12 million in earnings before interest and taxes (EBIT) for 2025.
Corporations Adoption Of Bitcoin Is Still Growing
DigiAsia’s decision coincides with the increasing number of organizations that utilize Bitcoin as a reserve asset.
Corporate treasuries currently possess over 3 million BTC, which is valued at over $340 billion, according to data from Bitbo.
Bitcoin has increased by 2% in the past 24 hours and is currently trading at $105,642.
DigiAsia has established itself as a leading fintech entity in Southeast Asia through this approach.
DigiAsia is one of the notable examples of companies that are increasingly investigating Bitcoin treasury strategies.
This trend indicates a heightened interest in diversifying corporate treasuries with cryptocurrency assets.
Basel Medical Group disclosed a $1 billion acquisition strategy for BTC earlier this week.
In the interim, Strategy’s procurement of 7,390 BTC represents one of the most significant corporate acquisitions in a month.
