{"id":67745,"date":"2025-05-20T15:00:15","date_gmt":"2025-05-20T15:00:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67745"},"modified":"2025-05-20T15:00:15","modified_gmt":"2025-05-20T15:00:15","slug":"bitcoin-goes-corporate-in-indonesia-with-100-million-treasury-shift","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67745","title":{"rendered":"Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift"},"content":{"rendered":"

Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after it revealed plans to put Bitcoin at the center<\/a> of its future.<\/p>\n

The company wants to raise $100 million to start building a BTC reserve, and it says half of its net profits will go toward buying more. The announcement got a lot of attention\u2014maybe too much, too fast.<\/p>\n

Stock Soars On Bitcoin Reserve Plan<\/strong><\/h2>\n

DigiAsia\u2019s stock, which trades under the ticker FAAS on the Nasdaq, closed the day up more than 91% at 36 cents, Google Finance data<\/a> shows. But the excitement didn\u2019t last long.<\/p>\n

After hours, the price dropped 20% to 28 cents. That sudden move shows how quickly investor mood can shift, especially when crypto is involved.<\/p>\n\n

The stock had been down around 50% this year before the announcement. It was trading close to $12 back in March 2024. Now, it\u2019s nowhere near those highs. This latest surge looks like a shot of adrenaline, not a long-term fix.<\/p>\n

Bitcoin Reserve Plan And Profit Pledge<\/strong><\/h2>\n

DigiAsia isn\u2019t just talking about Bitcoin\u2014it\u2019s making it part of its future profits. The company\u2019s board has already approved a plan to treat Bitcoin<\/a> as a treasury reserve asset. That means it\u2019s not just holding cash; it wants BTC in its back pocket.<\/p>\n

It also said it would put up to 50% of its net profits into acquiring Bitcoin. The company is currently looking to raise up to $100 million to get that plan moving. It might use tools like convertible notes or crypto finance products to do that.<\/p>\n

Management is also in talks with regulated partners to figure out how to earn yield on its holdings, possibly through lending or staking.<\/p>\n

Revenue Growing But Still Small<\/strong><\/p>\n

Based on an April 1 financial update, DigiAsia brought in $101 million in revenue in 2024, a 36% jump from the year before.<\/p>\n

It\u2019s aiming for $125 million in 2025, with projected earnings before interest and taxes of $12 million. That\u2019s solid growth, but the company is still small compared to others getting into Bitcoin.<\/p>\n

Some are questioning whether it\u2019s ready to play in the same league as firms like Strategy<\/a> or even GameStop, which raised $1.5 billion earlier this year. DigiAsia\u2019s numbers show ambition, but also limits.<\/p>\n

Bitcoin Adoption Among Public Companies<\/strong><\/p>\n

More and more companies are buying into Bitcoin, currently trading around $105,116,<\/a> with a market cap close to $2 trillion, as a long-term strategy.<\/p>\n

MicroStrategy, now known as Strategy, holds over 576,000 BTC\u2014worth around $60.9 billion. Strive Asset Management also announced it\u2019s shifting into a Bitcoin treasury approach.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after it revealed plans to put Bitcoin at the center of its future. The company wants to raise $100 million to start building a BTC reserve, and it says half of its net profits will go toward buying more. The announcement got a […]<\/p>\n","protected":false},"author":0,"featured_media":67746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67745"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67745"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67746"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}