DigiAsia’s inventory soared by 91% on Might 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, primarily based in Indonesia, mentioned it plans to boost $100 million to start constructing its BTC reserves, becoming a member of a rising checklist of public corporations turning to digital property. The Jakarta-based firm, which trades on the Nasdaq beneath 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 internet 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, resembling 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… Read More at Coingape.com
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