Indian IT training firm Jetking Infotrain has revealed plans to acquire 21,000 Bitcoin by 2032. The company’s Joint Managing Director and CFO, Siddarth Bharwani, shared the update in a recent podcast, calling it part of a disciplined daily strategy funded from Jetking’s operational surplus.
According to Bharwani, the firm has adopted a “Daily Buy At Any Price” (D-BAAP) model, where it allocates leftover business income into Bitcoin every day at market close. The approach, he said, ignores price and timing entirely, focusing instead on long-term value. The firm currently holds nearly 23 Bitcoin.
Daily Bitcoin Accumulation Strategy
“We now HODL 23 Bitcoin with this consistent execution of BAAP plan,” Bharwani wrote in a July 10 X post. “Doesn’t matter the price. No speculation. No timing. Just turning excess fiat into BITCOIN.”
So far in 2025, Jetking has raised fresh capital to help fund the plan. In May, it raised ₹6.1 crore through a preferential issue to buy its first 21 BTC. A second offering of 460,000 equity shares in July brought in another ₹11.5 crore, which the company said would support further BTC purchases and blockchain-focused training.
Leading Bitcoin Adoption in India and Asia
If it hits its 21,000 BTC goal, Jetking would become one of the largest Bitcoin holders in Asia. For comparison, MicroStrategy holds over 226,000 BTC, while other Indian companies have stayed cautious due to strict tax rules and regulatory uncertainty. Jetking’s move stands out in a country where crypto adoption remains complicated by policy and tax burdens.
Still, risks remain. India currently taxes crypto profits at 30%, and its regulatory stance continues to shift. Analysts say companies choosing crypto treasury strategies face volatility, legal ambiguity, and financial reporting challenges. Jetking has not yet disclosed how it will manage risk as its Bitcoin position grows.
The company expects Bitcoin to trade at over ₹10 crore per coin by 2032. Whether it reaches that level or not, Jetking’s BAAP strategy marks one of the boldest treasury moves by an Indian-listed company to date.
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