- Jetking Infotrain became India’s first publicly traded company to adopt Bitcoin as its primary treasury asset, and its stock price surged over 200% in one year.
- The company allocated more than 26% of its market cap to Bitcoin investments and currently holds multiple Bitcoins on its balance sheet.
- Other Indian companies may follow this strategy once the country establishes clearer cryptocurrency regulations.
Indian IT training company Jetking Infotrain has emerged as a trailblazer in the cryptocurrency space, becoming the country’s first publicly traded firm to adopt Bitcoin as its primary treasury reserve asset. The company allocated over 26% of its market cap to Bitcoin, a strategic move that has paid significant dividends for shareholders.
On December 9, when the company revealed its adoption of Bitcoin as a primary treasury asset, the stock jumped from Rs 64.92 to Rs 156.80. This dramatic price movement began a sustained upward trajectory for the company’s shares.
The Mumbai-based firm’s bold cryptocurrency investment strategy has generated substantial returns and positioned it as a potential catalyst for broader Bitcoin adoption among Indian corporations. Jetking Infotrain has completed a preferential allotment of equity shares, raising Rs 6.10 crore to expand its Bitcoin holdings further.
Strategic Bitcoin Accumulation Yields Strong Returns
The company began investing in Bitcoin, Ethereum, and USDT in 2022 and reported its holdings as 5.42 BTC and 71.98 ETH for FY 2024. However, the firm’s commitment to Bitcoin as a treasury asset intensified significantly in late 2024.
Company disclosures show that Jetking has systematically increased its Bitcoin position through multiple strategic purchases. The firm’s approach mirrors that of other Bitcoin-focused corporations globally, viewing the cryptocurrency as a hedge against inflation and a store of value for corporate treasuries.
They are currently reported to hold 14.77 BTC on their balance sheet, though recent reports suggest the company has continued expanding its cryptocurrency portfolio. The strategic accumulation has coincided with Bitcoin’s broader market appreciation, amplifying returns for the IT training company.
Stock Performance Reflects Bitcoin Strategy Success
The market has responded positively to Jetking’s cryptocurrency strategy, demonstrating remarkable performance metrics. Jetking Infotrai · Mkt Cap: 112 Crore (up 221% in 1 year), reflecting the substantial value creation from the company’s Bitcoin investment approach.
Current market data shows that stock trading is elevated compared to historical performance. The current price of JETKINGQ is 134.90 INR, which has increased by 1.97% in the past 24 hours, indicating continued investor confidence in the company’s cryptocurrency strategy.
The stock’s performance has outpaced broader market indices, with the Bitcoin treasury strategy as a key differentiator. The 52-week high of Jetking Infotrain Ltd (JETKINGQ) is ₹164.64, and the 52-week low is ₹50, demonstrating the significant value appreciation since implementing the Bitcoin strategy.
Corporate Bitcoin Adoption Faces Regulatory Challenges
Despite Jetking’s success, broader corporate Bitcoin adoption in India faces significant regulatory hurdles. The absence of clear cryptocurrency regulations creates uncertainty for potential corporate investors considering similar strategies.
India’s regulatory environment remains complex, with various government agencies expressing different perspectives on cryptocurrency usage. This regulatory ambiguity has prevented many corporations from following Jetking’s lead despite the demonstrated success of the Bitcoin treasury strategy.
However, Jetking’s positive performance may serve as a compelling case study for other Indian corporations considering cryptocurrency investments. The company’s success could influence policy discussions and encourage more favorable regulatory frameworks for corporate Bitcoin adoption.
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