Hey folks,
Here is a story that sounds straight out of a crypto playbook. Jetking Infotrain, a small IT training company, has turned into India’s surprise Bitcoin player.
Jetking was founded in 1947 as an electronics firm and transitioned to IT training in 1990, currently operating IT training centers across India.
In December 2024, the company decided to tweak its business plan to add crypto as part of its treasury strategy. The first Indian company to do so!
It bought its first batch of crypto, 12 Bitcoins.
Not a huge deal at that time, but it set the tone.
Then came the bold move in May 2025. Jetking raised over ₹6 crore through a preferential share issue and used the money to acquire more Bitcoins.
This brought its total stash to 21 Bitcoins, with an average purchase price of ₹64.65 lakh, valuing it at ₹13.57 crore at the time. The market loved the story.
Its stock, which was trading near ₹50 before the BTC acquisition, started climbing. By May 2024, it had reached nearly ₹130.
Following the May 2025 Bitcoin purchase, the stock price has steadily risen and has since doubled to around ₹270, pushing its market cap close to ₹160 crore.
Jetkings' 21 BTC holding is worth over 21 crore at the time of writing.
Jetking’s move is not happening in isolation. Globally, corporate treasuries are turning to Bitcoin to diversify and hedge their investments.
MicroStrategy had set the tone years ago and now holds over 600,000 BTC in its treasury.
Trump Media recently made headlines by buying $2 billion worth of Bitcoin, making it a core part of its liquid assets. And just this week, Japan’s Quantum Solutions announced it will acquire 3,000 BTC over the next year, a $350 million bet on Bitcoin’s future.
For investors, Jetking is starting to look like India’s own MicroStrategy. A training company turned Bitcoin treasury play.
The move is risky, sure, but right now it is paying off.
Why does this trend matter?
When companies park their cash in Bitcoin, they are betting on it as a store of value rather than traditional assets like bonds or cash. It tightens supply, drives investor interest, and gives Bitcoin a stronger role in global finance.
In the past week, BTC traded between $116K and $120K, facing resistance near $120K. Meanwhile, ETH is approaching $4K but may hit strong resistance, with a potential short squeeze as more firms like SBET back it, similar to Saylor’s BTC strategy. In the altcoins sector, top gainers include ENA, PENGU, and IP.
Weekly price movement:
BTC $118,955 ⏬ 0.44% (7d)
ETH $3,891 ⏫ 2.37% (7d)
PENGU $0.04 ⏫ 14.11% (7d)
ENA $0.68 ⏫ 37.12% (7d)
IP $5.83 ⏫ 21.84% (7d)
(All data here as of 1:45 p.m., 28 July 2025)
Before we conclude, here’s a quick look at some important news from around the crypto world.
Strategy is pulling off some form of financial alchemy: using bitcoin, historically a volatile asset, to create something that looks a lot like stability. That’s the firm’s $2 billion “Stretch” Preferred Stock (STRC) offering, which offers a variable 9% dividend and is designed to keep the share price hovering near $100. The offering does not give investors direct bitcoin exposure, yet it is backed by the asset in spirit and structure, according to a recent NYDIG report, according to CoinDesk.
Payments and artificial intelligence emerged as the two pillars of crypto adoption in 2025, according to a report released by Reown in partnership with public opinion analytics company YouGov. The study, which surveyed over 1,000 active crypto users across the US and UK, showed that artificial intelligence and payments were cited as key drivers of adoption by 37% of the respondents, according to Cointelegraph.
That’s it for now. Thanks for sticking around.
See you later, folks! 👋