Mumbai -based IT education company Jetking Infotrain Restricted announced a plan to raise ₹ 6.6 crore ($ 793,000). This amount company Bitcoin Keep Will use an initiative related to cryptocurrency and to fund. According to the information, the company has planned to issue 428,622 equity shares at a price of ₹ 154 per share, which will have a face value of ₹ 10 and a premium of ₹ 144. These shares will be issued to promoter groups and some non-promoters and will be under SEBI and laws of companies.
Jetking aims to increase Bitcoin Keep
According to the company’s CFO Siddharth Bharawani, the amount raised will be used mainly to buy Bitcoin. In addition, this amount will also be spent for general corporate needs and BTC-focused education programs. Jetking adopted its “bitcoin-only” policy at the end of 2024 and has a reserve of about 14.77 BTC ($ 1.2 million) by December 2024.
History of jetking and step in crypto
Jetking, established as an electronics company in 1947, stepped into IT training in 1990. It trains 35,000 students each year in blockchain, cyber security and other related fields with 100 centers across India. Jetking in 2024 became India’s first publicly listed company to add Bitcoin to its balance sheet. The move increased by 20% in stock of the company.
Jetking is representing India in Bitcoin Holdings
Recently a report was released according to which North Korea became one of the international’s biggest govt bitcoin holders. Third greenst Bitcoin Holder has become North Korea It is now owned by 13,562 BTC worth $ 1.14 billion. In this list, USA is first with $ 16.7 billion 198,109 BTC and UK with 61,245 BTC worth $ 5.17 billion. Jetking in India is the only public bitcoin holding with a holding of 14.77 BTC ($ 1.2 million).
Future plans for jetking
However, Jetking requires share holders and regulatory approval to release this stock. Regarding which CFO Siddharth Bharwani said that “big changes are coming”, which indicates a deep investment strategy of jetking in cryptocurrency, while the Government of India holds a cautious approach to digital assets.
Conclusion
The move to raise ₹ 6.6 crore of Jetking Infotrain Restricted is an important initiative towards promoting investment in cryptocurrency and strengthening its Bitcoin Reserve. The company’s “bitcoin-only” policy and crypto-based education programs are installing it as a modern and technology driving company. Although this fund rage requires share holders and regulatory approval, the step still reflects the company’s prediction and deep commitment to invest in crypto.
