HomeMarket News

Jetking Invests Big: ₹11.5 Cr Boost to Bitcoin Holdings and Blockchain

Jetking Invests Big: ₹11.5 Cr Boost to Bitcoin Holdings and Blockchain

  • Jetking approves ₹11.5 crore funding to expand Bitcoin investment strategy.
  • Blockchain education gets a boost as Jetking deepens crypto focus.
  • Company raises capital through preferential share allotment to non-promoters.

Jetking Infotrain Ltd. has taken a significant step in strengthening its digital asset strategy by announcing a ₹11.5 crore equity issue. The move aims to expand its Bitcoin treasury and accelerate blockchain-focused education programs across India.

A group of non-promoter investors was given a preferential allotment of a block of 460,000 equity shares for 250 per share, and the board approved it. This is the company’s second fundraising this year and biggest so far, indicating a greater dedication to cryptocurrency investments.

CFO Siddarth Bharwani confirmed that this capital will be used to purchase additional Bitcoin, fund operating expenses, and increase training on blockchain. The issuance is in line with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013, and will be subject to the final approval of the shareholders and regulatory bodies.

The management will stay the same, but the shareholding pattern might change slightly based on the final share distribution.

Also Read: CFX Skyrockets 52% After TreeGraph 3.0 Launch Sparks $7.4M Short Squeeze

Bitcoin Expansion Strategy Gains Momentum as Crypto Prices Climb

Earlier this year, Jetking raised ₹6.6 crore through a similar equity offering in April. At that time, the company issued 428,622 shares at ₹154 each to support its initial push into Bitcoin and skill development initiatives.

Jetking opened its account in the Bitcoin world in December 2024 by acquiring 12 Bitcoins worth around $1.2 million. This ranked it among the small number of Indian-based publicly traded firms to keep Bitcoin on their balance sheets.

With Bitcoin’s price moving above the $119,000 mark, Jetking remains positive about its investment. The company is confident that cryptocurrencies can be viewed as a long-term solution.

The second way in which the company intends to spend the cash is to scale blockchain education, equipping students and professionals to be prepared for the changing position of tech professionals.

Established about 77 years back, Jetking is an IT-training company. This tendency of the company towards cryptocurrency and blockchain is an indication that it is trying to fit its past paradigm into the digital trends.

Jetking’s latest ₹11.5 crore capital raise marks a decisive move to expand its Bitcoin holdings and blockchain programs. As interest in crypto continues to rise, the company positions itself as a forward-leaning player in India’s tech education and digital asset space.

Also Read: CFX Skyrockets 52% After TreeGraph 3.0 Launch Sparks $7.4M Short Squeeze