DigiAsia Shares Surge 91% After Announcing Plans to Hold Bitcoin (BTC) as Treasury Asset

This increase came after the Indonesia-based fintech company announced plans to hold Bitcoin (BTC) as part of their treasury strategy.

Shares of DigiAsia surged by 91% on Thursday.

Why Is DigiAsia Stock Up?

DigiAsia stock price saw a significant gain of 91% during normal trading hours. However, the stock experienced a 22% drop in the after-hours session, closing at 28 cents.

Despite the day’s gains, the stock is still down 53% for the year, having reached a high of nearly $12 in March.

However, DigiAsia reported strong business results with revenue of $101 million in 2024, an increase of 36% compared to the previous year. The company estimates revenue of $125 million for 2025 and earnings before interest and tax (EBIT) of $12 million.

According to an announcement, the Southeast Asian fintech company plans to diversify Bitcoin (BTC) returns such as lending, staking, or offering crypto-related financial products. It is also in talks with a few licensed partners to help manage these digital assets securely.

This move follows other companies such as MicroStrategy (NASDAQ:), Metaplanet, and GameStop (NYSE:) which have added Bitcoin (BTC) to their balance sheets in recent months.

DigiAsia’s initiative showcases its commitment to becoming a major player in the fintech sector in Southeast Asia, capitalizing on the growing trend in corporate treasury strategies with crypto assets.

What Happened:

According to Coingape, shares of DigiAsia (NASDAQ:) experienced a substantial surge of 91% on Thursday.

The Indonesia-based fintech company plans to diversify Bitcoin (BTC) returns such as lending, staking, or offering crypto-related financial products. It is also in talks with a few licensed partners to help manage these digital assets securely.

This move follows other companies such as MicroStrategy (NASDAQ:MSTR) which have added Bitcoin (BTC) to their balance sheets in recent months.

DigiAsia’s initiative demonstrates its commitment to becoming a major player in the fintech sector in Southeast Asia, capitalizing on the growing trend in corporate treasury strategies with crypto assets.

According to reports, the company is planning to raise $100 million to start building their Bitcoin (BTC) reserve.

The company is engaging in conversations with a small group of trusted and licensed partners to ensure the safe and compliant management of these digital assets.

This move comes after other companies like MicroStrategy (NASDAQ:MSTR), Metaplanet, and GameStop (NYSE:GME) have reportedly added Bitcoin (BTC) to their balance sheets in recent months.

According to an announcement by DigiAsia, they will be diversifying Bitcoin (BTC) returns such as lending, staking, or offering crypto-related financial products.

According to reports, DigiAsia shares surged by 91% during normal trading hours. However, the stock saw a 22% drop in the after-hours session, closing at 28 cents.

Despite the day’s gains, the stock is still down 53% for the year, having reached a high of nearly $12 in March.

However, DigiAsia reported strong business results with revenue of $101 million in 2024, an increase of 36% compared to the previous year. The company estimates revenue of $125 million for 2025 and earnings before interest and tax (EBIT) of $12 million.

According to a report by Bitbo, the company’s treasury now holds more than 3 million BTC, valued at over $340 billion. Bitcoin (BTC) is currently trading at $105,642, showing a 2% rise on Monday.

This trend highlights the growing interest in diversifying corporate treasuries with crypto assets.

See More: Top Crypto Influencers To Follow In 2023: Engaging Content And Community Building

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