DigiaSia shares grow 90% to $ 100 million Bitcoin Treasury Plan

• Digiasia -ov BTC plan in the amount of $ 100 million has almost tripled its share value.
• The growing trend of BTC treasury could gather BTC to 500K to 2029.

May 19, Digiasia Corp Stock (Nasdaq: Faas) almost tripled from 0.2 to almost $ 0.6, which indicated over 90% of the pump.

The technical company focused on digital financial services in Asia and beyond, recorded a massive set of shares after announcing $ 100 million Bitcoin (BTC) Treasury plan.

BTC trendy trend

In a statementThe company has announced that it is investigating capital increase in the amount of $ 100 million to achieve a corporate reserve of BTC that it will commit 50% of its net profit for a similar initiative.

Talking about the motivation behind the move, Prashant Gokam, the co -president of Digiasia, said,

“We believe that Bitcoin represents a convincingly long-term investment and the fundamental layer for modern diversification of the treasury. This move positions Digiassi at the forefront of the institutional adoption of cryptocurrency and reflects our wider commitment to innovate Fintech and Blockchain.”

The company added that the initiative will help preserve the value of the shareholders and improve the vault return. Several companies jumped on the trend of BTC vault, which launched a strategy (Microstrateegy) in 1920.

Undisally, the BTC bet was attractive. For the strategy, his Mstr stake pumped over 3000% of the acceptance of BTC.

In fact, BTC brought about 1000%in the same period. Only by that logic, one would claim that it is better to invest in the original BTC.

However, Mstr growth is enabled by the mass 576,23k BTC Holdings 576.23K, acquired over $ 40 billion.

According to current market prices, the company’s stock was worth more than $ 61 billion, transporting about $ 21 billion unrealized profits.

Another company, Japan based in Japan, which copied the strategy since last August, has acquired 7800 BTC. Now sitting on $ 100 million unrealized profits.

What about his shareholders? His supplies gathered more than 1000% from last August, jumping from 0.45 to over $ 5.

Simply put, accepting BTC was the safest way for public companies to surpass their peers.

According to Bitbo, a corporate trend of trend picked up the momentum, and public companies owned over 740K BTC (BTC worth $ 77b). But the strategy controls more than 90% of BTC’s stock owned by public companies.

However, Bernstein’s analysts have recently predicted that most of the demand of corporate treasury will come from small and medium -sized companies like Digiasia.

According to analysts, this trend would start 330 billion inflows and finally by 2029. Encourage the price of BTC at $ 500K.