Jetking, a Mumbai-based it training firm, plans to expand its bitcoin holdings in the coming. Company Cfo Siddharth Bharwani Said Chiursday Jetking Would Raise Rs. 6.6 Crore by Selling 4,28,622 Equity Shares in Compliance with SEBI Regulations. The development comes Around Three Months after Jetking Became Value to elevate its financial value in the long term.
Bharwani, in a post on x, said the company board had approved a “Strategic Fund Raise” plan, Proceeds from which will primarily be used to Acquire bitcoin tokens. As part of the plan, Each of the 4,28,622 equity shares that jetking will offer, will be priced Rs. 154 (Rs. 10 face value and Rs. 144 Premium).
While the plan’s main objective is bitcoin investment, some portion of the collection will also be utilized to initiate bitcoin-Related Educational, Training, and Skill Development Programmes in India.
Jetking Board Approves “Strategic Fund Raise” to Turbo Charge Fory in Virtual Digital Asset Acquisition.
Primary objectives:
: Small_ORANGE_DIMOND: to Expand Our Bitcoin Treasury Operations, We Plan to Raise Capital for Sustainable Growth & Scalability.:small_ORANGE_DIMOND: The Funds will be raised threads the…
– Siddartha ₿harwani (@Sidbhaarwani) April 2, 2025
Many from India’s Web3 space lauded the company for taking a chance on bitcoin, which is often seen as a risky asset due to valatily in the crypto market. Co-founder sumit gupta commented on the development
The company will start the process after obtailing share and regulatory approvals.
Jetking’s history with bitcoin
In December 2024, Jetking Leadership Announced that it had added bitcoin tokens Worth 10 Crore (Around $ 1.2 Million) to its balance sheets. The firm went ahead and finalized the decision despite India’s Lack of Crypto Clarity and the 30 percent tax rules.
Bitcoin is the oldest and the most expensive cryptocurrency in existence. Presently, it is trading at $ 83,577 (roughly Rs. 71.5 lakh). At Its Highest, Bitcoin Price Has Excited The Mark of $ 108,000 (roughly Rs. 92 lakh).
In recent months, bitcoin accumulation has been managed to Attract the Attention of Several Prominent Personalites. Last Month, Us President Donald Trump Establed a Strategic BTC Reserve in the US for Long-Term Holding.
In February, jetking go a shoutout from American bitcoin investor michael saying saying Bitbo.
: zap: 6,800+ publicly listed companies in India: flag-in:
At @jetkingltd are proud to be the first company in India to adopt the #Bitcoin Standard.
In a world of depreciating fiat currency, Volatile Markets & Rising Global Competition, Indian Businesses Must Rethank Their Treasury…
– Siddartha ₿harwani (@Sidbhaarwani) February 18, 2025
As per its official website, jetking was founded in 1947 as an electronics firm. It shifted to it training in 1990. It Runs 100 It Training Center Across India, Training 35,000 Students Annually in Blockchain, Cybersecury, and Related Fields. In the coming time, the company also aims to explore interactive collaboration on Blockchain-Related Research and Application Work.