Bitcoin News Today: Jetking Invests ₹11.5 Crore in Bitcoin, Expands Blockchain Education

Jetking Infotrain Ltd., a leading IT training company in India, has announced a significant investment of ₹11.5 crore to expand its Bitcoin holdings and enhance its blockchain education initiatives. The company approved a preferential allotment of 460,000 equity shares at ₹250 per share to non-promoter investors, marking its largest equity issue this year. This move is part of Jetking's broader strategy to strengthen its digital asset portfolio and position itself as a leader in the evolving landscape of digital asset education and training.

The funds raised will be used to purchase additional Bitcoin, cover operational expenses, and scale blockchain education programs. This dual approach not only bolsters Jetking's financial position but also aligns with the growing institutional interest in cryptocurrencies. The company's Chief Financial Officer, Siddarth Bharwani, confirmed that the capital will be used to acquire more Bitcoin, fund operating expenses, and increase training on blockchain technology. The issuance is in line with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013, and will be subject to the final approval of the shareholders and regulatory bodies.

Jetking's strategic shift towards crypto assets and blockchain education reflects the company's commitment to staying relevant in a rapidly changing market. By investing in Bitcoin and blockchain technology, Jetking aims to align with the growing institutional interest in crypto across various sectors. This move not only diversifies the company's portfolio but also enhances its educational offerings, making it a more attractive option for students and professionals seeking to acquire skills in this emerging field.

This latest capital raise follows an earlier funding round in April, where Jetking issued 428,622 equity shares at ₹154 each, raising a total of ₹6.6 crore. The funds from this previous round were similarly used for purchasing digital assets, fulfilling operational needs, and investing in training and skill acquisition related to Bitcoin and blockchain technology. Jetking's entry into the Bitcoin market began in December 2024 with the acquisition of 12 Bitcoins valued at approximately $1.2 million, marking a significant step for an Indian public company in the digital asset space.

Jetking's management structure remains unchanged, but the shareholding pattern may shift slightly depending on the final allocation of the equity shares. The company's forward-thinking approach and commitment to leveraging digital assets to drive growth and innovation in the IT training sector are evident in this strategic move. As interest in crypto continues to rise, Jetking positions itself as a forward-leaning player in India’s tech education and digital asset space.