DigiAsia Shares Surge 91% After Bitcoin (BTC) Purchase Plan

Jakarta, Pintu News – DigiAsia shares experienced a significant surge of 91% on May 19, closing at 36 cents per share.

According to Coingape, this increase came after the Indonesia-based fintech company announced plans to hold Bitcoin (BTC) as part of their treasury strategy.

DigiAsia plans to raise $100 million to start building their Bitcoin (BTC) reserve.

DigiAsia’s New Strategy: Bitcoin (BTC) as a Backup Asset

In its official statement, DigiAsia announced plans to diversify their Bitcoin (BTC) returns, such as through lending, staking, or offering crypto-related financial products.

Read also: Bitcoin Soars to $106,000—Now Worth More Than Google and Even Some Precious Metals!

The company is in talks with licensed partners to help manage these digital assets securely. This move is in line with other companies such as MicroStrategy, Metaplanet, and GameStop that have also added Bitcoin (BTC) to their balance sheets in recent months.

DigiAsia doesn’t just stop at Bitcoin (BTC) storage, but also plans to develop innovative crypto-related financial products.

This initiative demonstrates DigiAsia’s commitment to becoming a major player in the fintech sector in Southeast Asia, while capitalizing on the growing trend in corporate treasury strategies with crypto assets.

DigiAsia Stock Fluctuations After the Announcement

Although DigiAsia’s shares surged during normal trading hours, the stock saw a 22% drop in after-hours trading, closing at 28 cents.

Despite the day’s gains, the stock is still down 53% through 2025, having peaked at nearly $12 in March. However, DigiAsia reported strong business results with revenue of $101 million in 2024, up 36% from the previous year.

The company estimates revenue of $125 million for 2025 and earnings before interest and tax (EBIT) of $12 million.

Despite share price fluctuations, DigiAsia’s strategic move in adopting Bitcoin (BTC) as a reserve asset shows an optimistic long-term view towards the value and stability of crypto.

Read also: Ethereum Price Hovering at $2,500 Today (5/21/25): ETH Threatened to Fall to $2,000?

Enterprise Adoption of Bitcoin (BTC) Continues to Rise

With DigiAsia’s move, more companies are adopting Bitcoin (BTC) as a backup asset.

Data from Bitbo shows that the company’s treasury now holds more than 3 million BTC, worth more than $340 billion. Bitcoin (BTC) is trading at $105,642, up 2% on May 20. This trend shows a growing interest in diversifying corporate treasuries with crypto assets.

With this strategy, DigiAsia has positioned itself as a leading player in the fintech sector in Southeast Asia, demonstrating significant growth potential in crypto adoption by large enterprises.

Overall, DigiAsia has taken a big step by integrating Bitcoin (BTC) into their financial strategy. This move not only dramatically increases their stock value but also positions them as an innovation leader in the fintech industry.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Digiasia Stock Jumps 90% After Announcing Bitcoin Buying Plan. Accessed on May 21, 2025
• Cointelegraph. Digiasia Shares Gain 90% After Announcing $100 Million Raise for Bitcoin. Accessed on May 21, 2025
• Cryptotimes. Digiasia Shares Jump 91% with $100M Bitcoin Buy Plan. Accessed on May 21, 2025

*Featured Image: Asia Nikkei