India-listed company Jetking completes 115 million rupee fundraising and plans to increase bitcoin holdings to 18,000 within five years
2025-08-05 04:51:30
Jetking Infotrain, a listed Indian company, announced its position target after announcing the establishment of a bitcoin treasury strategy. The company will accumulate 210 bitcoins by the end of 2025 and increase its bitcoin holdings to 18,000 by 2030. It is reported that Jetking Infotrain has issued 460,000 ordinary shares at a price of 250 rupees per share, raising 115 million rupees. The company previously purchased 5.9835 bitcoins at a price of about 110,957 US dollars each, with a total expenditure of about 663,911 US dollars. The current bitcoin holdings are 21. However, India has stricter regulatory environments for cryptocurrencies, with crypto asset gains subject to 30% tax and 1% withholding tax (TDS) per transaction.
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