Indonesian fintech firm DigiAsia saw its Nasdaq-listed stock jump 90% after the company announced plans to raise up to $100 million to purchase Bitcoin.
In a statement released Monday, DigiAsia said its board of directors approved its decision to establish a Bitcoin treasury reserve, which the company said aligns with a “growing trend” among publicly traded companies.
As part of the strategy, the company plans to set aside 50% of “any net profits” generated to fund the Bitcoin acquisition. It is also exploring raising up to $100 million in capital to buy Bitcoin and execute “crypto-based yield strategies.”
“DigiAsia has initiated discussions with regulated partners on BTC yield strategies and the management of the BTC treasury reserve,” the company said, adding that it is evaluating capital markets solutions such as equity-linked offerings, convertible notes, and structured crypto finance instruments.
In the wake of the announcement, DigiAsia’s stock surged 91% on the Nasdaq, closing at $0.3553 on Monday, but fell 23.47% in after-hours trading, according to Yahoo Finance data. It’s worth noting that DigiAsia’s stock has collapsed 96% over the past year, declining from $9.6 in May 2024.
Founded in Jakarta, DigiAsia operates as a fintech-as-a-service provider, offering services including cashless payments and digital wallets in emerging markets, according to the statement.
The company disclosed last month that it generated $101 million in revenue in 2024, up 36% year-on-year, and it predicts a 24% revenue growth in 2025.
DigiAsia’s decision to stack Bitcoin follows in the footsteps of companies like Strategy and Metaplanet. Strategy, led by Michael Saylor, said Monday that it purchased another 7,390 BTC for $764.9 million, raising its total holdings to 576,230 BTC. Japan’s Metaplanet also announced Monday the purchase of an additional 1,004 BTC, bringing its total holdings to 7,800 BTC.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
