DigiAsia’s inventory soared by 91% on Could 19, closing at 36 cents. This occurred after the corporate introduced it might begin holding Bitcoin as a part of its treasury plan. The fintech agency, based mostly in Indonesia, mentioned it plans to lift $100 million to start constructing its BTC reserves, becoming a member of a rising record of public firms turning to digital property.
The Jakarta-based firm, which trades on the Nasdaq underneath the image FAAS, mentioned its board has permitted the creation of a Bitcoin treasury. It additionally dedicated to placing as much as 50% of its future web income towards shopping for Bitcoin.
DigiAsia Embraces Bitcoin as a New Reserve Asset
In its assertion, DigiAsia introduced its plans to diversify methods to earn returns on its Bitcoin, reminiscent of lending, staking, or providing crypto-linked monetary merchandise. The corporate is in talks with licensed companions to assist handle these digital property securely.
This transfer is in step with others, reminiscent of MicroStrategy, Metaplanet, and GameStop, which have additionally added Bitcoin to their stability sheets in current months.
DigiAsia Inventory Spikes, Then Slips, in After-Hours Commerce
Whereas DigiAsia’s inventory surged throughout regular buying and selling hours, it fell 22% in after-hours buying and selling to shut at 28 cents.
Even with the day’s acquire, the inventory continues to be down 53% to this point in 2025, after hitting a excessive of almost $12 in March.
The corporate has posted sturdy enterprise outcomes regardless of the drop in inventory costs. DigiAsia reported $101 million in income for 2024, up 36% from final 12 months. It expects $125 million in income for 2025 and $12 million in earnings earlier than curiosity and taxes (EBIT).
Company Bitcoin Adoption Continues to Develop
DigiAsia’s transfer comes as extra firms undertake Bitcoin as a reserve asset. Information from Bitbo exhibits that company treasuries now maintain over 3 million BTC, price greater than $340 billion. Bitcoin is buying and selling at $105,642, up 2% within the final 24 hours.
With this technique, DigiAsia has positioned itself as a front-running fintech participant in Southeast Asia. Firms are more and more exploring Bitcoin treasury methods, with DigiAsia being one of many notable examples. This development suggests a rising curiosity in diversifying company treasuries with cryptocurrency property.
Simply this week, Basel Medical Group revealed a $1 billion BTC acquisition plan. In the meantime, Technique’s 7,390 BTC purchase marks one of many largest single-month company acquisitions so far.
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