Publicly Traded Fintech Firm Digiasia Plans $100M Bitcoin Treasury Reserve, Shares Nearly Double

CN
3 hours ago

The fintech firm Digiasia Corp. (Nasdaq: FAAS) will allocate up to 50% of its net profits to purchase bitcoin ( BTC), aiming to diversify its corporate treasury. The news release published Monday noted that Digiasia is evaluating capital raises, including equity-linked offerings and convertible notes, to fund the initiative.

Digiasia says discussions with regulated partners are underway to explore yield-generating strategies like institutional lending and staking. The company further emphasized bitcoin’s role as a long-term reserve asset to enhance shareholder value.

“We believe bitcoin represents a compelling long-term investment and a foundational layer for modern treasury diversification,” said Prashant Gokarn, Co-CEO of Digiasia. “This move positions Digiasia at the forefront of institutional crypto adoption and reflects our broader commitment to fintech and blockchain innovation.”

Digiasia joins a growing list of public companies adding bitcoin to their balance sheets. A large handful of companies over the last week revealed their BTC treasury intentions and purchases. The move aligns with broader institutional adoption of digital assets for treasury management following the likes of Strategy.

Shares of Digiasia nearly doubled following the announcement, reflecting investor optimism about the strategy, rising 93% against the U.S. dollar. The company did not disclose a timeline for the capital raise or BTC acquisitions.

Digiasia operates a fintech platform in emerging markets, offering APIs for digital payments and banking services. Its expansion includes artificial intelligence (AI)-driven solutions across Southeast Asia, India, and the Middle East.

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