Bitcoin’s Wild Ride: How Jetking Became the Crypto King!

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Oh, gather ’round, dear readers, for a tale of wonder and whimsy! Bitcoin, that cheeky little rascal, has once again stolen the spotlight in India, soaring to a dizzying height of ₹93 lakh (that’s about $112K for those who prefer their numbers in dollars) on the fateful day of May 22, 2025! 🤑 The news has sent ripples of excitement through the land, with investors and companies alike scrambling to hop on this glittering bandwagon.

And who should pop up in this grand spectacle but the illustrious Jetking Infotrain, a sprightly IT training firm from the bustling city of Mumbai! This clever bunch has just pulled off a dazzling feat, raising a whopping ₹6.10 crore by selling 3,96,156 shares at ₹154 each (including a cheeky premium of ₹144). Why, you ask? To snatch up some of those elusive virtual digital assets, of course! Bitcoin, here we come! 🚀

👀

— Jetking Limited (@JetkingLtd) May 28, 2025

But wait, there’s more! Just after Bitcoin’s triumphant leap, Jetking announced on X that they had gobbled up another 5.9835 BTC for a staggering $663,911 (or about ₹5.52 crore). They bought it at an average price of $110,957 (approximately ₹92.25 lakh) per Bitcoin. Talk about a shopping spree! 🛒 And guess what? Their Bitcoin yield for the year is a dazzling 31.05%! Who knew crypto could be so fruitful?

Now, let’s rewind a bit. As of March 31, 2025, our friends at Jetking were sitting pretty with 15.02 Bitcoins. Fast forward to May 28, 2025, and they’re now the proud owners of 21 Bitcoins, all for around $1.59 million, at an average rate of $75,801 per BTC (or ₹64.65 lakh per Bitcoin back in the day). With Bitcoin now trading at around ₹90.79 lakh, Jetking’s crypto treasure chest is worth a jaw-dropping ₹19.07 crore! 💰

And what’s this? The stock of Jetking has decided to join the party too, climbing up by 2% to ₹133.60 on the BSE, bringing their market cap to a delightful ₹78.92 crore. Sure, they reported a net loss of ₹1.30 crore in Q4 FY25, but who’s counting when you’ve got a 25.06% year-on-year growth in net sales, totaling ₹5.44 crore? 🎉

With Bitcoin breaking records left and right, it seems that Indian businesses like Jetking are making a strong case for cryptocurrencies to waltz right into the mainstream. So, hold onto your hats, folks! The crypto carnival is just getting started! 🎪

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2025-05-29 22:31