The Indian business focuses on IT training. It has become the first public company in India to adopt a Bitcoin Treasury Strategy.
For a company with a $5 million market cap and $2 million in yearly sales, this is like a David versus Goliath story. Jetking is stepping into Bitcoin in a way that even much bigger companies haven’t tried in India.
What Does This Mean?
When a company adopts a Bitcoin Treasury Strategy, it means it holds Bitcoin instead of relying mostly on cash or other traditional assets. This can help protect the company from the ups and downs of inflation or local currency changes.
Jetking’s leaders believe Bitcoin is the way of the future. They’re betting that as Bitcoin becomes more popular and valuable, it will strengthen the company’s financial foundation.
Jetking Infotrain, a 77-year-old Indian company with a $5M mkt cap & $2M in annual sales, has become the first pubco in India to adopt the Bitcoin Treasury Strategy.
The microcap says that BTC will be the Primary Treasury Reserve Asset. pic.twitter.com/hMmPIvWgVQ
— matthew sigel, recovering CFA (@matthew_sigel) December 9, 2024
India has been cautious about cryptocurrency, with government regulations often creating uncertainty. Jetking’s decision to embrace Bitcoin isn’t just a business move; it’s a bold statement. They’re saying, “We trust Bitcoin,” even when others might still be sitting on the fence.
More About Bitcoin Reserve in Other Countries
According to Cointelegraph, the U.S. Treasury has announced plans to invest $76 billion in BTC over the next five years. This bold move positions BTC as a key part of the nation’s financial strategy. This aims to protect against inflation and economic instability.
⚡️ EXPLAINED: The proposed U.S. Bitcoin strategic reserve
The US Treasury plans to invest $76B in #Bitcoin over five years, positioning it as a long-term hedge against inflation and economic instability. pic.twitter.com/D2xLikXLRT
— Cointelegraph (@Cointelegraph) December 10, 2024
By using BTC as a long-term hedge, the Treasury shows confidence in its value and stability during uncertain times. This move could boost BTC adoption in the U.S. and globally as a trusted alternative to traditional finance.
Disclaimer
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