Indonesian Fintech DigiAsia to Invest $100 Million in Bitcoin

DigiAsia Corp, an Indonesian fintech company, has unveiled its ambitious plan to diversify its financial portfolio by building a digital asset reserve in the form of Bitcoin. This move is part of a broader strategy aimed at securing long-term financial growth and stability in the ever-evolving world of digital finance.

A Strategic Financial Diversification

In a formal statement released on Monday, May 19, 2025, DigiAsia revealed that it is targeting a fundraise of up to $100 million (around IDR 1.6 trillion) to kickstart its Bitcoin acquisition efforts. The company, now listed on the Nasdaq under the ticker FAAS, announced the formation of a Bitcoin treasury reserve, which will serve as a strategic cash management tool. DigiAsia’s board has approved the allocation of up to 50% of the company’s net profit toward building this digital asset reserve.

Innovative Crypto Yield Strategies

As part of its effort to maximize the return on its Bitcoin reserves, DigiAsia is exploring various cryptocurrency yield strategies, including institutional lending and staking. The company is also in discussions with regulated partners about implementing crypto-based income instruments, such as crypto bonds and structured financial products. Additionally, DigiAsia is evaluating options related to equity-linked crypto solutions and convertible bonds.

“We view Bitcoin as a promising long-term asset and a critical foundation for modern treasury diversification,” said Prashant Gokarn, Co-CEO of DigiAsia.

Prashant Gokarn

DigiAsia Joins Growing Trend of Institutional Bitcoin Adoption

DigiAsia's move comes as part of a wider trend among publicly traded companies integrating Bitcoin into their financial strategies. Firms like MicroStrategy, with over 576,000 BTC on its balance sheet, have set a precedent in leveraging Bitcoin for treasury diversification. GameStop, too, recently allocated part of its convertible bond issuance proceeds towards purchasing Bitcoin.

Impact on Stock Price and Future Prospects

Following the announcement, DigiAsia’s stock price surged by over 91%, reaching $1.036 on May 19, 2025. However, the stock saw a subsequent drop of approximately 22%, closing at $0.28 post-trading. Despite the volatility, DigiAsia’s bold move signals the company’s commitment to pioneering institutional cryptocurrency adoption.

Looking Ahead: Long-Term Investment Strategy

DigiAsia has reiterated its commitment to holding Bitcoin as a long-term digital asset. The company’s strategy includes generating income through regulated partners while pursuing a variety of capital market solutions, such as equity options linked to crypto and structured digital asset instruments. With this move, DigiAsia aims to position itself as a leader in the institutional adoption of cryptocurrency, paving the way for further innovation in fintech and blockchain technologies.

For more updates on this exciting development, stay tuned to Coinvestasi’s latest news and insights on the cryptocurrency market.