DigiAsia Secures $100 Million Funding Round for Bitcoin Acquisition

Financial firm DigiAsia is launching a $100 million fundraising round to acquire Bitcoin. The company plans to allocate half of its profits towards establishing a significant Bitcoin reserve. It will employ strategies like convertible debt and crypto-linked products to achieve this goal. This move follows the expansionist strategies of other firms like Strategy and Metaplanet, further increasing institutional interest in Bitcoin. DigiAsia’s stock price surged by 91% on Monday as investors responded positively to this initiative.