The post DigiAsia Corp Stock Jumps 90% Following $100M Bitcoin Treasury Announcement appeared on BitcoinEthereumNews.com.

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 Indonesian fintech company listed on Nasdaq under the ticker FAAS, has seen its stock price skyrocket by over 90% following the announcement of plans to create a Bitcoin treasury reserve. The company’s shares jumped from $0.20 to nearly $0.60 in a single trading day on May 19, 2025, marking one of the most dramatic price movements in the company’s history. The Jakarta-based firm revealed that its board of directors had approved the creation of a Bitcoin “treasury reserve” and is actively exploring a capital raise of up to $100 million to fund its initial Bitcoin purchases. In addition to this capital raise, DigiAsia plans to allocate up to 50% of any net profits generated toward buying more Bitcoin. “We believe Bitcoin represents a compelling long-term investment and a foundational layer for modern treasury diversification,” said Prashant Gokam, Co-CEO of DigiAsia. “This move positions DigiAsia at the forefront of institutional crypto adoption and reflects our broader commitment to fintech and blockchain innovation.” Following MicroStrategy’s Lead DigiAsia is not the first company to make such a move. The trend was pioneered by Strategy (formerly known as MicroStrategy) in 2020, which has since acquired 576,230 BTC at a cost of over $40 billion. At current market prices, Strategy’s Bitcoin holdings are worth approximately $61 billion, representing an unrealized profit of around $21 billion. DigiAsia Corp. (FAAS) The impact on Strategy’s own stock has been even more…

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Filed under: News - @ May 21, 2025 12:26 pm