DigiAsia Aims to Raise $100 Million for Bitcoin Purchase

Indonesian fintech company DigiAsia plans to raise $100 million to invest in Bitcoin, a decision that boosted its stock by 90%. The company's board approved establishing a Bitcoin reserve, reflecting a trend among publicly traded firms. They plan to allocate 50% of net profits for this purpose and are in talks with partners for Bitcoin strategies. DigiAsia closed at $0.3553 on Nasdaq but saw an after-hours drop of 23.47%. The company reported $101 million revenue in 2024 and expects 24% growth in 2025. Their move aligns with firms like Strategy and Metaplanet, which also expanded their Bitcoin holdings.