Jetking to Raise ₹6.6 Cr for Bitcoin & Digital Asset Push
Jetking to issue shares worth ₹6.6 Cr to fund Bitcoin treasury expansion and virtual asset acquisition.
- Jetking plans ₹6.6 Cr fundraise for digital asset growth.
- Funds to support Bitcoin treasury and skill development.
- Equity shares issued to Promoter Group and select investors.
Jetking, a well-known Indian public company famous for its IT training services, is making headlines with an unexpected move—it’s planning to raise funds specifically to purchase Bitcoin. This makes Jetking one of the first publicly listed companies in India to take such a bold step toward crypto investment.
The company announced that it will be raising capital through the issuance of shares or other financial instruments. The raised funds, according to early reports, are earmarked for buying Bitcoin, which Jetking sees as a strategic asset. While the exact amount to be raised hasn’t been disclosed yet, the decision itself is making waves in the Indian financial and crypto communities.
Jetking Gears Up for Strategic Digital Asset Expansion
In a bold move to embrace the evolving digital economy, Jetking has announced a “Strategic Fund Raise” aimed at accelerating its entry into the Virtual Digital Assets (VDAs) space, with a major focus on expanding its Bitcoin treasury operations.
The company’s board has approved raising ₹6.6 crore through the issuance of equity shares on a preferential basis. This capital infusion is designed to power Jetking’s ambitions in the fast-growing digital asset landscape.
Fundraising Details and Structure
Jetking will issue 4,28,622 equity shares at ₹154 per share, comprising a face value of ₹10 and a premium of ₹144. The shares will be allotted to members of the Promoter Group and Identified Non-Promoters, following compliance with the SEBI (ICDR) Regulations, 2018 and the Companies Act, 2013.
The total issue size stands at ₹6.6 crore, with the structure ensuring that the existing management remains intact, though minor adjustments in shareholding may occur. The entire process is subject to shareholder and regulatory approvals.
Focus Areas for Fund Utilization
Jetking’s strategic deployment of funds is centered on three main objectives:
1. Expansion of Bitcoin Treasury
A significant portion of the capital will be used to strengthen Jetking’s Bitcoin holdings, establishing a robust treasury that aligns with global trends among tech-driven firms diversifying into crypto.
2. Virtual Digital Asset Acquisition
Beyond Bitcoin, Jetking is eyeing a broader acquisition of Virtual Digital Assets, positioning itself as a forward-looking player in the Web3 ecosystem.
3. Education and Skill Development
True to its roots in technology education, Jetking plans to invest in training programs focused on Bitcoin and digital assets, fostering new talent and empowering professionals with next-gen skills.
This strategic move signals Jetking’s commitment to innovation, financial evolution, and long-term growth in the blockchain economy.
The Bigger Picture: Corporate Crypto Adoption
Jetking’s Bitcoin investment aligns with a global trend. Companies like Tesla and MicroStrategy have already made headlines for buying Bitcoin as part of their corporate treasury strategy. Now, an Indian company is following suit, showing that crypto is no longer just for tech giants or startups—it’s for traditional businesses too.
With Jetking entering the crypto space, we may see more Indian firms evaluating digital assets as a legitimate part of their investment strategy. This move could also increase the pressure on regulators to provide clearer and more supportive guidelines for corporate crypto involvement in India.
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