Jetking Infotrain, a 77-year-old Indian tech company, has made waves by adopting Bitcoin (BTC) as a key treasury asset. On December 9, the firm invested $1.2 million to acquire 12 BTC, representing over 26% of its $4.5 million market capitalization.
This bold move positions Jetking among a growing list of companies embracing Bitcoin as part of their financial strategies. Following the announcement, the company’s stock surged by 20%, hitting a five-year high. Despite its modest size with $2 million in annual sales, Jetking’s pivot to Bitcoin underscores the increasing acceptance of cryptocurrencies in traditional industries.
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