Indonesian fintech company DigiAsia Corp (FAAS) saw its shares surge by a staggering 91% on May 19th following the announcement of a significant Bitcoin investment plan. The Nasdaq-listed firm revealed that its board has approved the creation of a Bitcoin treasury, allocating up to half of its future profits towards acquiring Bitcoin. The company also plans to raise $100 million to fund its Bitcoin holdings. DigiAsia is exploring ways to generate yield from its BTC, such as lending and staking, while potentially issuing convertible notes or crypto-linked financial products for funding. 22% was wiped off the stock price after-hours trading, bringing it down to 28 cents. Despite the surge, the stock has still fallen by 53% in 2024 from its peak of nearly $12 in March. DigiAsia’s recent success is evident in their reported $101 million revenue for 2024, a 36% increase from last year. The company expects to continue this growth, reaching $125 million with an expected pre-tax profit of $12 million in 2025. This news adds to the growing trend of companies incorporating Bitcoin into their assets, following the lead of companies like MicroStrategy and GameStop. These corporate Bitcoin treasuries now hold over 3 million BTC, worth more than $340 billion. Some experts believe that Bitcoin’s market cap could reach a staggering $200 trillion within a decade.