Jetking’s Bold Bitcoin Bet: Will They Strike Gold or Just Fool’s Gold? 💰

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So, Jetking, huh? They just raised ₹6.6 crore. I mean, who doesn’t want to throw money at Bitcoin these days? It’s like the new lottery, but with more spreadsheets and fewer scratch-offs. They’re issuing 4,28,622 equity shares at ₹154 each. Sounds fancy, right? But let’s be real, it’s just a bunch of numbers on a screen. And guess what? The board’s all in on this, but only for the “chosen ones.” You know, the usual suspects. SEBI regulations and all that jazz. 🙄

What’s the grand plan? Oh, just a little expansion of their Bitcoin stash, some education and training on Bitcoin and blockchain—because who doesn’t want to learn about digital currency while sitting in their pajamas? And let’s not forget the corporate growth. Because nothing says “we’re serious” like a corporate growth plan. But hold your horses; they still need the shareholders and regulators to give a thumbs up. Classic, right? 🤷‍♂️

Jetking is strutting in as the first Indian IT training company in APAC to embrace Bitcoin. After years of being the go-to for IT education, they’re now diving headfirst into the wild world of digital finance. It’s like watching your conservative uncle suddenly decide to become a DJ. What a twist! 🎧

So, the Jetking board is all about this “Strategic Fund Raise” to supercharge their virtual asset game.

Primary Objectives:

🔸 Expand our Bitcoin treasury operations because why not?
🔸 Raise capital for growth & scalability—whatever that means.
🔸 And the funds will be raised through… well, you get the idea.

— Siddarth ₿harwani (@sidbharwani) April 2, 2025

CFO Siddarth Bharwani says it plainly: bigger things are coming. This isn’t just another company hopping on the Bitcoin bandwagon. No, no, they’re making a calculated bet on the future. And while we’re all sitting here wondering if it’ll pay off, one thing’s for sure—they’re not here to play it safe. They’re like the kid who jumps off the high dive without checking the water first. Good luck with that! 😅

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2025-04-02 15:33