The fintech company DigiAsia Corp, which specializes in digital financial services in Asia and throughout the world, has announced that it plans to include Bitcoin (BTC) into its corporate treasury policy. The initiative was approved by the Board of Directors of the company and signals an increased trend among public companies leveraging digital assets as a means to diversify and enhance their financial coffers.
DigiAsia will spend up to 50% of its net earnings to buy Bitcoin under this initiative. DigiAsia will also raise as much as $100 million in capital to fund its first BTC positions. The capital will not only position DigiAsia solidly in Bitcoin but will also enable the execution of yield-producing crypto strategies designed to enhance treasury performance.
The firm has begun talks with regulated counterparties that are experts in BTC yield strategies to implement this strategy. These can involve institutional lending, staking, and other crypto-based financial instruments tailored to provide returns while keeping Bitcoin.
Prashant Gokarn, DigiAsia’s Co-CEO, said, “We believe Bitcoin is an attractive long-term investment and a baseline layer for contemporary treasury diversification.” He added that the move is reflective of DigiAsia’s wider focus on innovation in fintech and blockchain technology.
The company is also conducting a range of capital market options to finance its Bitcoin push, including equity-linked instruments, convertible notes, and structured crypto finance products.
DigiAsia joins a growing number of NASDAQ-listed companies that are using Bitcoin as a treasury asset to boost financial performance and preserve shareholder value. The company’s progressive approach places it at the forefront of institutional cryptocurrency adoption and shows that it believes in Bitcoin’s potential to play a significant role in global finance in the future.
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