In a bold move signaling growing institutional confidence in cryptocurrency, DigiAsia Corp (FAAS), a Nasdaq-listed company, has unveiled plans to raise up to $100 million to establish a Bitcoin treasury reserve. This strategic decision aligns with the increasing trend of public companies diversifying their balance sheets with crypto assets. The announcement triggered a dramatic 91% surge in FAAS shares during regular trading on June 21, 2025, though the stock experienced a 22% pullback in after-hours trading. Despite this volatility, the initiative marks a significant milestone in corporate cryptocurrency adoption, even as DigiAsia's stock remains down over 50% year-to-date. The company's board has approved allocating up to 50% of the raised capital to Bitcoin, demonstrating a substantial commitment to the digital asset class. This development comes at a time when institutional interest in Bitcoin continues to grow, with companies seeking to hedge against inflation and capitalize on the potential long-term appreciation of cryptocurrencies. DigiAsia's move may pave the way for other Nasdaq-listed firms to follow suit, potentially creating a new wave of corporate Bitcoin investment in 2025 and beyond.
Nasdaq-Listed DigiAsia Plans $100M Bitcoin Treasury Reserve
DigiAsia Corp (FAAS), a Nasdaq-listed company, announced plans to raise up to $100 million to establish a Bitcoin treasury reserve. The move aligns with a growing trend of public companies diversifying balance sheets with cryptocurrency exposure. Shares surged 91% during regular trading before settling with a 22% after-hours pullback, though the stock remains down over 50% year-to-date.
The board approved allocating up to 50% of future net profits toward BTC purchases. DigiAsia also revealed intentions to explore yield-generating strategies for its bitcoin holdings, including institutional lending and staking through regulated partners. This strategic pivot underscores institutional confidence in Bitcoin as a reserve asset despite recent market volatility.
Indian Supreme Court Backs Crypto Regulation Over Ban
The Supreme Court of India has delivered a landmark stance on cryptocurrency, advocating for regulatory frameworks rather than outright prohibition. The court highlighted that Bitcoin profits are already subject to a 30% tax—a clear acknowledgment of crypto's legal standing. Taxation implies legitimacy; regulation ensures accountability.
This judicial position accelerates India's march toward comprehensive digital asset legislation. Market participants interpret the MOVE as a bullish signal for institutional adoption, with regulatory clarity expected to reduce uncertainty for investors and exchanges alike.
DigiAsia Shares Surge 91% on $100M Bitcoin Treasury Plan
DigiAsia Corp (FAAS), a Nasdaq-listed Indonesian fintech firm, saw its shares skyrocket 91% following its announcement to allocate up to half of future profits toward building a Bitcoin treasury. The Jakarta-based company aims to raise $100 million to initiate its BTC holdings and is exploring yield-generating strategies like lending or staking through regulated partners.
The stock surged to $0.36 during trading but retreated 22% in after-hours sessions to $0.28. Despite the rally, DigiAsia remains down 53% year-to-date after peaking earlier in 2024. The move signals growing institutional interest in Bitcoin as a treasury asset, though market volatility persists.
Is Bitcoin Becoming a Treasury Asset for Corporate America?
A quiet revolution is unfolding in corporate finance as Bitcoin transitions from speculative asset to strategic treasury reserve. Investor Tim Draper warns that public companies neglecting BTC allocations may soon face shareholder scrutiny for failing to capitalize on digital asset opportunities.
MicroStrategy's aggressive accumulation strategy—now holding over 500,000 BTC worth approximately $60 billion—has become a case study for corporate treasuries. The firm's once-controversial approach is now being emulated across Fortune 500 boardrooms.
The paradigm shift gained momentum in late 2024 when Microsoft shareholders voted on a proposal to allocate portions of corporate reserves to Bitcoin. This watershed moment signals growing institutional acceptance of cryptocurrency as a legitimate treasury asset class.
Crypto Market Nears Key Turning Point as Altcoin Rebound Looms
The cryptocurrency market stands at a pivotal juncture, with analysts anticipating a final corrective move before a potential altcoin surge. Bitcoin's resilience near current levels has dampened expectations of a retreat to $75,000, while cautious sentiment hints at underlying strength.
Altcoins command growing attention after a 14% dip, with traders bracing for a possible 10-20% short-term correction. Historical patterns suggest such pullbacks often precede explosive rallies. One analyst notes fractal similarities to September market behavior, though the comparison remains incomplete.
India's Supreme Court Urges Faster Crypto Regulation, Compares Bitcoin Trading to 'Polished Hawala'
India's Supreme Court has sharply criticized the government's delay in establishing cryptocurrency regulations, equating unregulated Bitcoin trading to a "polished form of hawala." The court's remarks came during a hearing on a multi-state crypto fraud case, where justices emphasized the urgent need for oversight to prevent misuse and economic risks.
The bench questioned why authorities continue to tax crypto transactions without providing a clear regulatory framework. This judicial push adds pressure on New Delhi to accelerate long-pending legislation for digital assets, which have remained in a legal gray area despite growing adoption.
