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DigiAsia Corp has announced plans to raise up to $100 million to create a bitcoin treasury reserve joining a growing number of public companies turning to crypto for balance sheet diversification. The company said it could allocate up to 50% of future net profits toward bitcoin purchases signaling a major strategic shift.
Shares of DigiAsia soared 91 percent during regular trading on Monday after the announcement before dipping 22% in after-hours trading. Despite the rally the stock remains over 50% down for the year. DigiAsia reported $101 million in revenue for 2024 and expects $12 million in earnings before interest and taxes.
The fintech firm is also exploring yield-generating opportunities such as institutional lending and staking through regulated platforms. Co-CEO Prashant Gokarn called bitcoin a compelling long-term investment and a strong foundation for modern treasury management. DigiAsia is reviewing funding options including convertible notes and crypto-linked instruments to back its bitcoin strategy.
