Indonesia’s DigiAsia Shares Pop 90% on Plan to Raise $100M to Buy Bitcoin

DigiAsia Corp Stock Jumps 90% Following $100M Bitcoin Treasury Announcement - WorldNL Magazine

TLDR DigiAsia Corp stock soared 90% after announcing a $100M Bitcoin treasury plan The company will commit 50% of net profits to fund Bitcoin acquisition DigiAsia joins a growing trend of companies adding BTC to corporate treasuries Companies with Bitcoin treasuries have seen major stock price increases (MicroStrategy up 3000%) Bernstein analysts project this corporate treasury trend could drive Bitcoin to $500K by 2029 DigiAsia Corp, an Indone…

DigiAsia Eyes $100M Raise to Buy Bitcoin — Institutional Demand Grows - Crypto News Flash

DigiAsia will invest half of its profits into Bitcoin and employ instruments like convertible debt and crypto-based products to build its BTC reserve. DigiAsia joins firms like Strategy and Japan’s Metaplanet in expanding its Bitcoin holdings, and its stock price shot 91% on Monday. DigiAsia, a fintech provider in Jakarta, has laid out its plans to acquire Bitcoin by using both its profits and capital raised in the market. After gaining approval…

Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift

Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after it revealed plans to put Bitcoin at the center of its future. The company wants to raise $100 million to start building a BTC reserve, and it says half of its net profits will go toward buying more. The announcement got a lot of attention—maybe too much, too fast. Stock Soars On Bitcoin Reserve Plan DigiAsia’s stock, which trades under the ticker FAAS on the Nasdaq, c…

DigiAsia, headquartered in Indonesia and listed its shares in Nasdaq, saw its shares increase by 90% after announcing the Bitcoin investment plan for its treasury; although they fell later. *** DigiAsia, headquartered in Indonesia, joins the corporations that buy Bitcoin. It plans to reserve “any net profit” to finance the Bitcoin treasury strategy. DigiAsia’s shares in Nasdaq shot more than 90% after the news. Indonesia’s company, DigiAsia, is …

DigiAsia Stock Surges Amid Bitcoin Investment Plan - Blockchain & Cryptocurrencies Tabloid

DigiAsia's stock jumped 90% following its Bitcoin treasury plan announcement, signaling institutional crypto adoption. The post DigiAsia Stock Surges Amid Bitcoin Investment Plan appeared first on Blockchain & Cryptocurrencies Tabloid.

DigiAsia Stock Jumps 90% After Announcing Bitcoin Buying Plan

DigiAsia’s stock soared by 91% on May 19, closing at 36 cents. This happened after the company announced it would start holding Bitcoin as part of its treasury plan. The fintech firm, based in Indonesia, said it plans to raise $100 million to begin building its BTC reserves, joining a growing list of public companies turning to digital assets. The Jakarta-based company, which trades on the Nasdaq under the symbol FAAS, said its board has approve…