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Indonesia’s DigiAsia shares pop 90% on plan to lift $100M to purchase Bitcoin

Shares within the Indonesian fintech agency DigiAsia Corp practically doubled after the corporate stated it plans to lift $100 million to seed its first of many Bitcoin buys.

The Jakarta-based Nasdaq-listed firm stated on Might 19 that its board of administrators accepted making a Bitcoin (BTC) “treasury reserve” and it was “committing as much as 50% of any internet income generated to fund the acquisition of BTC.”

DigiAsia stated it was additionally “actively exploring a capital elevate of as much as US$100 million” to kickstart its Bitcoin holdings and would look to earn yield on its holdings by way of means like lending and staking.