DigiAsia’s inventory soared by 91% on May 19, closing at 36 cents. This occurred after the corporate introduced it could 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 checklist of public corporations turning to digital belongings.
The Jakarta-based firm, which trades on the Nasdaq below the image FAAS, mentioned its board has authorised the creation of a Bitcoin treasury. It additionally dedicated to placing as much as 50% of its future internet earnings towards shopping for Bitcoin.
DigiAsia Embraces Bitcoin as a New Reserve Asset
In its assertion, DigiAsia announced its plans to diversify methods to earn returns on its Bitcoin, resembling lending, staking, or providing crypto-linked monetary merchandise. The firm is in talks with licensed companions to assist handle these digital belongings securely.
This transfer is consistent with others, resembling MicroStrategy, Metaplanet, and GameStop, which have additionally added Bitcoin to their steadiness sheets in latest months.
DigiAsia Stock Spikes, Then Slips, in After-Hours Trade
While 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 remains to be down 53% thus far in 2025, after hitting a excessive of almost $12 in March.
The firm has posted robust 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).
Corporate Bitcoin Adoption Continues to Grow
DigiAsia’s transfer comes as extra corporations undertake Bitcoin as a reserve asset. Data from Bitbo exhibits that company treasuries now maintain over 3 million BTC, value 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. Companies are more and more exploring Bitcoin treasury methods, with DigiAsia being one of many notable examples. This pattern suggests a rising curiosity in diversifying company treasuries with cryptocurrency belongings.
Just this week, Basel Medical Group revealed a $1 billion BTC acquisition plan. Meanwhile, Strategy’s 7,390 BTC buy marks one of many largest single-month company acquisitions up to now.
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