DigiAsia Corp, an Indonesia-based fintech firm listed on Nasdaq beneath the ticker FAAS, introduced plans to lift $100 million to buy Bitcoin for its company treasury
DigiAsia Corp, an Indonesia-based fintech firm listed on Nasdaq beneath the ticker FAAS, introduced plans to lift $100 million to buy Bitcoin for its company treasury. The corporate intends to allocate as much as 50% of its future web income to buying Bitcoin, signaling a strategic adoption of the cryptocurrency as a treasury reserve asset. DigiAsia can also be exploring crypto yield methods corresponding to lending and staking by way of partnerships with regulated entities. Following the announcement, DigiAsia’s shares practically doubled in worth. This transfer aligns DigiAsia with different public corporations more and more including Bitcoin to their stability sheets.
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