DigiAsia Shares Surge 50% Following U.S. Listing, Plans to Allocate Half of Net Profits to Bitcoin Purchases

On the 19th, DigiAsia Corp, a Nasdaq-listed fintech company with roots in Indonesia, announced a strategic decision to hold Bitcoin (BTC) as part of its financial reserves, following approval from its board of directors. The company plans to allocate up to 50% of its net profits to purchasing Bitcoin, adopting the cryptocurrency as a foundation for diversifying modern financial management. Following the announcement, the company's stock price temporarily soared by over 50%, although it has recorded a decline of about 60% since the beginning of the year. DigiAsia is actively considering raising up to $100 million to establish initial Bitcoin reserves. This fund will solidify a strong position in Bitcoin...