TLDR
- DigiAsia Corp stock soared 90% after announcing $100M Bitcoin treasury plan
- The company will commit 50% of net profits to Bitcoin acquisition
- DigiAsia is exploring yield strategies including lending and staking for its Bitcoin holdings
- Corporate Bitcoin treasury trend is growing with public companies holding over 740K BTC
- Bernstein analysts project $330B in corporate treasury inflows driving Bitcoin to $500K by 2029
DigiAsia Corp stock (FAAS) nearly tripled in value, jumping from $0.2 to almost $0.6 on May 19, 2025, marking a gain of over 90%. The dramatic price movement came after the Jakarta-based fintech company announced plans to establish a Bitcoin treasury reserve.
The tech firm, which focuses on digital financial services in Asia, revealed it is exploring a $100 million capital raise to fund its Bitcoin purchases. In addition to the initial investment, DigiAsia’s board has approved committing up to 50% of any net profits to further Bitcoin acquisition.
Prashant Gokam, Co-CEO of DigiAsia, explained the rationale behind the move. “We believe Bitcoin represents a compelling long-term investment and a foundational layer for modern treasury diversification. This move positions DigiAsia at the forefront of institutional crypto adoption and reflects our broader commitment to fintech and blockchain innovation.”
The company stated that the initiative would help preserve shareholder value and improve treasury returns. DigiAsia reported revenue growth of 36% year-on-year to $101 million in 2024 and projected growth of 24% to $125 million in 2025.
Corporate Bitcoin Adoption Trend
DigiAsia is not alone in this strategy. The Bitcoin treasury trend was pioneered by Strategy (formerly MicroStrategy) in 2020, which has seen its shares increase by over 3000% since adopting this approach.
Strategy currently holds 576,230 BTC, acquired for over $40 billion. At current market prices, the company’s Bitcoin holdings are worth more than $61 billion, representing an unrealized profit of approximately $21 billion.
Another example is Japan-based Metaplanet, which began acquiring Bitcoin last August and now holds 7,800 BTC with an unrealized profit of $100 million. Metaplanet’s stock has surged over 1000% since then, rising from $0.45 to more than $5.
According to BitBo data, public companies collectively hold over 740,000 BTC, valued at approximately $77 billion. Strategy controls more than 90% of the Bitcoin held by public companies.
Yield Generation Plans
DigiAsia is not simply planning to hold Bitcoin as a reserve asset. The company announced it has “initiated discussions with regulated partners” regarding yield strategies and management of its planned Bitcoin holdings.
These yield generation methods could include lending and staking. The firm is also assessing whether to offer convertible notes or crypto finance instruments linked to its planned Bitcoin reserves.
Despite the dramatic one-day gain, DigiAsia stock dropped 22% after hours to 28 cents. The company’s shares are down nearly 53% year-to-date, having peaked at just under $12 in March 2024.
Other companies joining the Bitcoin treasury movement include Strive Asset Management, which announced on May 7 that it will transition into a Bitcoin treasury company, and GameStop Corporation, which raised $1.5 billion in convertible debt in April, with some proceeds earmarked for Bitcoin purchases.
Bernstein analysts have projected that small and medium firms like DigiAsia will drive most of the corporate treasury demand. This trend could trigger $330 billion in inflows and potentially push Bitcoin’s price to $500,000 by 2029.
Bitcoin’s market cap currently stands at around $2 trillion, with BTC trading at $105,642, according to recent CoinGecko data.
The corporate Bitcoin treasury phenomenon continues to gain momentum as more companies look to diversify their reserves and potentially boost shareholder returns through exposure to the leading cryptocurrency.
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