DigiAsia Stock Soars After Bitcoin Investment Announcement

DigiAsia’s stock saw a significant surge after the company announced a bold $100 million Bitcoin investment plan. The announcement, which involved establishing a Bitcoin treasury reserve and allocating up to 50% of future profits toward Bitcoin acquisition, has ignited market excitement. This strategic shift marks a notable change in DigiAsia’s operational direction, as they explore financial strategies such as lending and offering crypto-linked products. The company’s decision sent ripples through the cryptocurrency market with the stock experiencing after-hours volatility. Investors reacted with mixed sentiment, reflected in a 23.47% drop in after-hours trading.