Bitcoin News Today: Indian Tech Firm Bets on $1M Bitcoin, Targets 21,000 BTC by 2032

An Indian technology firm has unveiled an aggressive Bitcoin accumulation strategy, aiming to amass 21,000 BTC by 2032 and betting on a future in which the digital asset reaches a price of $1 million per coin. The company, the first publicly listed business in India to adopt a Bitcoin treasury strategy, has already begun accumulating the asset, with holdings currently standing at 23 BTC as of April 2025 [1].

The bold price prediction was made by the company’s CFO, Siddarth Bharwani, who attributes Bitcoin’s potential valuation surge to its halving cycles. The next halving event is expected in 2028, with another scheduled for 2032. Bharwani argues that the resulting reduction in new Bitcoin supply will drive demand and price upward, eventually making full BTC units too expensive for most investors. He envisions a future where the smallest unit of Bitcoin, the satoshi, becomes the primary unit of exchange [1].

To support this strategy, the firm introduced a policy known as “Daily Buy At Any Price” (D-BAAP) in April 2025. Under this approach, surplus cash from daily operations is converted into Bitcoin at market close, regardless of price. This method prioritizes consistent accumulation over market timing. In May 2025, the company added nearly 6 BTC to its reserves at an average price of $103,000, pushing its total holdings to 21 BTC at that time [1].

The company’s early Bitcoin purchases, made at an average cost of $75,291, have already generated over 31% in gains in 2025. These gains have coincided with a 94% increase in the firm’s stock price, illustrating the positive impact of its Bitcoin strategy on its overall financial performance [1].

If Bharwani’s forecast materializes, the company’s Bitcoin holdings could be valued in the tens of billions of dollars by 2032, positioning it as a major force in both India’s corporate landscape and the global crypto economy. The strategy reflects a growing trend of institutional adoption of Bitcoin, particularly in markets where regulatory clarity and macroeconomic conditions are increasingly favorable to digital assets [1].

Source: [1] Indian Tech Company Predicts $1M for BTC, Targets 21,000 Coins by 2032 (https://coinmarketcap.com/community/articles/688e741139d2602fe2e55d0f/)