DigiAsia Surges 176504.76% in Trading Volume to Rank 295th in Daily Market

Generated by AI AgentAinvest Market Brief
Monday, May 19, 2025 8:00 pm ET1min read
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On May 19, 2025, DigiAsiaFAAS-- recorded a trading volume of 2.93 billion, marking a significant 176504.76% increase from the previous day. This surge placed DigiAsia at the 295th position in the daily stock market rankings. DigiAsia (FAAS) experienced an 83.24% increase, marking its third consecutive day of gains, with a total increase of 86.12% over the past three days.

DigiAsia Corp has adopted a strategic plan to allocate up to 50% of its future net profits towards acquiring Bitcoin, demonstrating a strong commitment to building its BTC holdings. This initiative is part of a broader trend among public companies integrating digital assets into their corporate treasury management strategies.

To establish its initial Bitcoin treasury reserve, DigiAsia is exploring a capital raise of up to US$100 million. This move aims to build a robust Bitcoin position and execute crypto-based yield strategies to optimize treasury performance. The company is also in discussions with regulated partners to manage the BTC treasury reserve and implement yield strategies.

DigiAsia's decision to hold BTC as a long-term digital reserve asset aligns with its broader commitment to fintech and blockchain innovation. The company is assessing various capital markets solutions, including equity-linked offerings, convertible notes, and structured crypto finance instruments, to support this initiative.

DigiAsia's strategic move to invest in Bitcoin as a treasury reserve is designed to preserve shareholder value and enhance treasury returns. This initiative positions DigiAsia at the forefront of institutional crypto adoption, joining a growing cohort of NASDAQ-listed companies investing in Bitcoin.

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