Bitcoin News Today: Jetking Infotrain Raises ₹11.5 Crore for Bitcoin Reserves and Blockchain Initiatives

Jetking Infotrain Ltd. has approved an equity issue worth ₹11.5 crore to bolster its Bitcoin reserves and scale blockchain-related initiatives. This funding marks the company’s second equity raise this year and aligns with its increased focus on digital assets and skill development in blockchain technology.

The board approved the issuance of 460,000 equity shares priced at ₹250 per share through preferential allotment on July 21. These shares will be allocated to select non-promoter investors, subject to shareholder and regulatory approvals under SEBI and the Companies Act regulations.

According to Chief Financial Officer Siddarth Bharwani, the funds will support multiple objectives. These include expanding the company’s Bitcoin holdings, meeting general operational expenses, and enhancing blockchain-focused education programs. This move reflects Jetking’s strategic push into the digital finance space.

The new issue follows an earlier ₹6.6 crore raise in April, where Jetking issued 428,622 shares at ₹154 each. That round also supported digital asset purchases and investments in blockchain skill development. The company has shown consistent intent to build its presence in the crypto segment.

In December 2024, Jetking acquired 12 Bitcoins valued at around $1.2 million. This early move into cryptocurrency established the company as one of the few Indian IT training firms to diversify into digital assets. The ongoing equity funding indicates a continued effort to maintain momentum in this area.

While the internal management structure will not change, the shareholding pattern could see slight adjustments based on how the shares are distributed. The company expects this capital infusion to support long-term growth and its evolving digital strategy.

Bitcoin’s current market price exceeding $119,000 reflects growing institutional confidence in the digital asset. Jetking’s capital moves position the company to take advantage of this trend while reinforcing its blockchain education platform.

Jetking Infotrain Ltd. has approved a second equity raise this year, targeting ₹11.5 crore. This funding will be utilized for multiple strategic initiatives, including the purchase of Bitcoin, enhancing corporate operations, and expanding training programs. The equity raise involves the issuance of 460,000 shares at ₹250 per share, demonstrating the company's commitment to integrating Bitcoin and blockchain technology into its business model.

The decision to raise funds specifically for Bitcoin purchases underscores Jetking's strategic focus on digital assets. By increasing its Bitcoin holdings, the company aims to capitalize on the growing acceptance and potential of cryptocurrencies in the global financial landscape. This move aligns with a broader trend among corporations seeking to diversify their asset portfolios and hedge against traditional financial risks.

In addition to Bitcoin investments, the funds will also support Jetking's operational activities and training initiatives. This dual approach not only strengthens the company's financial position but also enhances its educational offerings, ensuring that its training programs remain relevant and cutting-edge in the rapidly evolving tech industry.

Jetking's decision to raise equity for Bitcoin investments reflects a growing trend among companies to explore the potential of digital currencies. By allocating funds to Bitcoin, Jetking is positioning itself at the forefront of technological innovation, potentially attracting investors who are bullish on the future of cryptocurrencies. This strategic move could also enhance the company's reputation as a forward-thinking leader in the IT training sector, further solidifying its market position.