DigiAsia Plunges 17.46% on Bitcoin Treasury Plans

On May 20, 2025, DigiAsia's stock experienced a significant drop of 17.46% in pre-market trading, reflecting a notable shift in investor sentiment.

DigiAsia Corp has announced ambitious plans to raise $100 million, with a strategic focus on allocating up to 50% of its future net profits to acquiring Bitcoin. This move signals the company's commitment to integrating cryptocurrency into its treasury management strategy, aiming to diversify its holdings and explore yield-generating opportunities.

The announcement has sparked considerable interest and speculation among investors, with the company's shares previously doubling in a single day following the revelation of its Bitcoin acquisition plans. This surge in stock price underscores the market's positive reception to DigiAsia's forward-thinking approach to financial management and its embrace of digital assets.

DigiAsia's decision to allocate a substantial portion of its profits to Bitcoin purchases is part of a broader strategy to establish a robust Bitcoin treasury reserve. The company is actively considering various capital-raising options to support this initiative, demonstrating its confidence in the long-term value and potential of cryptocurrencies.