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Indonesia-based fintech company DigiAsia, listed on Nasdaq under the ticker FAAS, announced plans to raise $100 million to purchase Bitcoin. The firm intends to allocate up to 50% of its future net profits to further Bitcoin accumulation. DigiAsia is also exploring yield-generating strategies such as lending and staking through partnerships with regulated entities. Following the announcement, DigiAsia's stock price surged by approximately 90%, reflecting investor enthusiasm. This move aligns with a broader trend of companies incorporating Bitcoin into their balance sheets, following precedents set by firms like MicroStrategy.
DigiAsia just surged 90% after announcing plans to raise $100M for a Bitcoin treasury. This isn’t just a stock pump. It’s a signal. The #Bitcoin standard is spreading. Not in headlines, but balance sheets. First it was MicroStrategy. Now it’s fintechs in Indonesia. The https://t.co/DWs7SBUFhX
NEW: 🇮🇩 Indonesian fintech DigiAsia's stock surges over 90% after announcing plans to raise $100M for a Bitcoin treasury 👀 https://t.co/r9FdD8fuUT
Indonesian fintech firm DigiAsia jumped 91% on Nasdaq after announcing plans to raise up to $100M for a Bitcoin treasury reserve. The company aims to allocate 50% of future net profits to $BTC and pursue yield strategies with regulated partners. Just adopt Bitcoin. https://t.co/skFgJ1u0MG
