Jetking Infotrain Limited, because who doesn’t love a good ‘ole Mumbai IT firm raising ₹6.6 crore ($793,000)? It’s like the tech world’s version of a bake sale, but with more zeroes and fewer cookies. CFO Siddarth Bharwani spilled the beans on Wednesday about their plan to expand their bitcoin reserves. Crypto, baby!
The board-approved “Strategic Fund Raise” sounds like a fancy way of saying “let’s go shopping for virtual bling.” Jetking’s CFO Bharwani dropped the news on X, because where else would you share your crypto dreams? They’re issuing 428,622 equity shares at ₹154 each, which is like selling digital hotcakes to the crypto-curious.
Proceeds will primarily fund bitcoin purchases, because what else would you do with all that cash? Jetking already has a cool 14.77 BTC ($1.2M), which is probably more than most of us have in our piggy banks. And they’re all about that “bitcoin only” life since 2024.
Founded in 1947, Jetking has come a long way from fiddling with electronics to becoming the cool kid on the blockchain block. They’ve got 100 centers in India, training 35,000 students a year in all things tech and crypto. And their operating income? Up 39% last quarter. Not too shabby, Jetking.
Jetking became India’s first publicly listed company to add bitcoin to its balance sheet, and their stock price was like “Whee!” and surged 20%. The share issuance still needs the green light from shareholders and regulators, but Bharwani hinted at “bigger things are coming.” Crypto fans, get your popcorn ready.
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2025-04-02 16:57