DigiAsia Invests $100 Million in Bitcoin for Treasury Diversification

Indonesian fintech company DigiAsia Corp. has announced a major commitment to Bitcoin, allocating $100 million towards purchasing the cryptocurrency. This strategic move aims to diversify its digital treasury reserves and reflects a shift in focus towards Bitcoin as a long-term investment. DigiAsia’s decision comes after receiving approval from its Board of Directors, led by Co-CEO Prashant Gokarn, who views Bitcoin as an attractive option for enhancing treasury diversification strategies. The $100 million purchase is expected to significantly boost the company’s stock value, which has already soared over 90%. This move aligns with recent trends observed in companies like MicroStrategy and Tesla, both of whom saw their stocks experience positive growth after investing in Bitcoin. This decision by DigiAsia suggests a growing acceptance of cryptocurrencies in finance.