Indonesian fintech company DigiAsia Corp, listed on the Nasdaq under the ticker FAAS, has announced plans to raise up to $100 million (approximately Rp1.6 trillion) to fund an initial Bitcoin purchase.

This move marks the company’s entry into digital asset investment as part of a long-term financial diversification strategy.

The announcement was made in an official company statement on Monday, May 19, 2025.

Bitcoin Reserve Approved by Board of Directors

The board of directors at DigiAsia has approved the formation of a Bitcoin treasury reserve, allowing the company to hold Bitcoin as a corporate asset.

The company has committed to allocating up to 50% of its net profit toward acquiring Bitcoin.

According to the company, this decision represents a significant shift in its financial management approach.

“We see Bitcoin as a promising long-term asset and a foundational pillar in modern treasury diversification,” said Prashant Gokarn, Co-CEO of DigiAsia.

“This step positions DigiAsia as a pioneer in institutional crypto adoption, aligned with our vision to continuously innovate in fintech and blockchain.”

Yield Strategies Under Discussion with Regulated Partners

DigiAsia is currently in discussions with regulated partners to explore several yield-generating strategies tied to their future Bitcoin holdings.

These include institutional crypto lending and staking mechanisms aimed at optimizing treasury performance.

The company is seeking ways to build a strong Bitcoin position while generating returns from its digital assets.

Exploring Crypto-Based Financial Instruments

As part of its broader strategy, DigiAsia is evaluating the issuance of crypto-linked financing instruments.

These include convertible bonds and other structured financial products designed to generate returns while maintaining alignment with the Bitcoin acquisition plan.

The company is also reviewing equity options connected to digital assets as part of its capital market strategy.

DigiAsia Stock Surges After Bitcoin Announcement

Following the announcement on May 19, DigiAsia Corp’s stock (FAAS) closed up more than 91%, ending the day at $0.36, according to Google Finance.

After trading hours, the price declined by around 22%, settling at $0.28.

This sharp movement reflects the market's response to the company’s strategic shift toward Bitcoin.

PHOTO: UNSPLASH

This article was created with AI assistance.