Shares in the Indonesian fintech firm DigiAsia Corp nearly doubled after the company said it plans to raise $100 million to seed its first of many Bitcoin buys.
The Jakarta-based Nasdaq-listed company data-ct-non-breakable=”null” href=”https://www.newsfilecorp.com/release/252493/DigiAsia-Launches-Bitcoin-Treasury-Reserve-Strategy-Exploring-Up-to-US100-Million-Capital-Raise-to-Acquire-BTC” title=”null”>said on May 19 that its board of directors approved creating a Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) “treasury reserve” and it was “committing up to 50% of any net profits generated to fund the acquisition of BTC.”
DigiAsia said it was also “actively exploring a capital raise of up to US$100 million” to kickstart its data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-is-bitcoin-a-beginners-guide-to-the-worlds-first-cryptocurrency” title=”null”>Bitcoin holdings and would look to earn yield on…
