Latest news with #Jetking
Economic Times
30-05-2025
- Business
- Economic Times
Jetking Infotrain invests in Bitcoin: A bold move in India's crypto landscape
Jetking also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve asset. Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 85.36 ( -0.05 %) Buy XRP 191.62 ( -1.24 %) Buy BNB 57,865 ( -1.36 %) Buy Bitcoin 9,040,602 ( -1.64 %) Buy Ethereum 224,962 ( -1.73 %) Buy Mumbai: In a rare instance, Jetking Infotrain , a Mumbai-based firm in the business of IT hardware training, raised money through a share sale to buy virtual digital asset Wednesday, the company with a market value of ₹79 crore informed exchanges that it had completed a preferential issue of shares , raising ₹6.10 crore by allotting 3.96 lakh shares at ₹154 each. The company did not disclose to whom it sold the shares. Jetking said it deployed the entire corpus and used its cash to buy the shares rose 2% to close at ₹ of March 31, 2025, the company held 15.02 bitcoins on its balance sheet. As of May 28, 2025, the company holds 21 bitcoins acquired at an average purchase price of ₹64.6 lakh, valuing it at ₹13.6 listed firms stick to traditional investments. Jetking's move echoes the bold treasury strategies of US firms like Tesla, but is unheard of in India's stringently regulated, crypto-cautious environment."A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue," said Shriram Subramanian, founder and MD of InGovern Research also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve reported net sales of ₹5.4 crore for the March 2025 quarter, as against ₹4.4 crore in the same quarter last year. The company posted a net loss of ₹1.3 crore as against a ₹0.6 crore loss recorded in March 2024.
Time of India
30-05-2025
- Business
- Time of India
Jetking Infotrain invests in Bitcoin: A bold move in India's crypto landscape
Jetking also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve asset. Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 85.36 ( -0.06 %) Buy XRP 191.86 ( -1.22 %) Buy BNB 57,647 ( -1.78 %) Buy Ethereum 2,24,687 ( -1.81 %) Buy Bitcoin 90,27,169 ( -1.91 %) Buy Mumbai: In a rare instance, Jetking Infotrain , a Mumbai-based firm in the business of IT hardware training, raised money through a share sale to buy virtual digital asset Wednesday, the company with a market value of ₹79 crore informed exchanges that it had completed a preferential issue of shares , raising ₹6.10 crore by allotting 3.96 lakh shares at ₹154 each. The company did not disclose to whom it sold the shares. Jetking said it deployed the entire corpus and used its cash to buy the shares rose 2% to close at ₹ of March 31, 2025, the company held 15.02 bitcoins on its balance sheet. As of May 28, 2025, the company holds 21 bitcoins acquired at an average purchase price of ₹64.6 lakh, valuing it at ₹13.6 listed firms stick to traditional investments. Jetking's move echoes the bold treasury strategies of US firms like Tesla, but is unheard of in India's stringently regulated, crypto-cautious environment."A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue," said Shriram Subramanian, founder and MD of InGovern Research also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve reported net sales of ₹5.4 crore for the March 2025 quarter, as against ₹4.4 crore in the same quarter last year. The company posted a net loss of ₹1.3 crore as against a ₹0.6 crore loss recorded in March 2024.
Business Standard
29-05-2025
- Business
- Business Standard
Jetking Infotrain acquires 21 Bitcoins after raising funds via preferential issue
Jetking Infotrain announced that it has successfully completed a preferential allotment of equity shares, raising Rs 6.10 crore. The funds have been fully deployed towards the acquisition of virtual digital assets, specifically Bitcoin, in line with the stated objective of the issue. According to the regulatory filing, the company allotted 3,96,156 equity shares at Rs 154 per share (including a Rs 144 premium), under the preferential route approved by its board and shareholders. The proceeds, along with internal accruals, were used to expand Jetking's crypto holdings. As of 28 May 2025, the company holds 21 Bitcoins, purchased at an average price of Rs 64.65 lakh each. This marks a sharp increase from the 15.02 Bitcoins recorded on its balance sheet as of 31 March 2025. Shares of Jetking Infotrain were up 2% at Rs 133.60 on the BSE. The company's current market capitalisation stood at Rs 78.92 crore on the BSE. Mumbai-based Jetking Infotrain is engaged in the business of "IT training in hardware, networking and digital courses". On a consolidated basis, Jetking Infotrain reported net loss of Rs 1.30 crore in Q4 March 2025 as against net loss of Rs 1.41 crore in Q4 March 2024. Net sales rose 25.06% YoY to Rs 5.44 crore in Q4 March 2025.
Yahoo
02-04-2025
- Business
- Yahoo
Crypto sleuth mocks Indian firm's Bitcoin plan — CFO claps back
Jetking is set to raise funds worth $772,300 (INR 66 million) to acquire Bitcoin, among other purposes, joint MD and CFO Siddarth Bharwani announced on X (formerly Twitter) on Apr. 2. The company board has cleared issuing 428,622 equity shares, each priced at $1.8, on a preferential basis to the promoter group and select investors. The decision is subject to shareholder and regulatory approvals, added Bharwani. Jetking, an Indian information technology (IT) training company, is the country's first public company to hold Bitcoin on its balance sheet. As per BitcoinTreasuries, it holds 14.77 BTC worth $1.2 million as of Apr. 2. However, the company's modest market cap of $6.6 million had the prominent on-chain sleuth, who goes by the handle ZachXBT, mocking its Bitcoin acquisition plan. ZachXBT wrote on X that they 'might as well announce if low cap meme coins purchase Bitcoin if this is news.' 'The media making low quality announcements newsworthy or quoting flawed metrics is partly why people do not take this industry seriously,' added the sleuth. Bharwani was quick to respond. He asked the skeptics to check the market cap of Strategy, formerly MicroStrategy, (Nasdaq: MSTR) and Metaplanet (TYO: 3350) when they began and asked them to wait for twelve months. In fact, Bharwani's original post invited comments that compared Jetking's strategy to that of Strategy. Strategy chairman Michael Saylor himself has been keeping an eye on Jetking's Bitcoin strategy for quite some time. As of Apr. 2, Strategy with Bitcoin holdings worth $45 billion and Metaplanet with Bitcoin holdings worth $359 million are the world's largest and ninth largest corporate holders of Bitcoin, respectively.
