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Digiasia's Massive Bitcoin Play Triggers Stock Surge in Indonesia

DigiAsia Corp's stock soared 91% after announcing a $100M Bitcoin purchase plan. Learn how this bold treasury strategy aligns the Indonesian fintech with global crypto trends.

Indonesian fintech firm DigiAsia Corp (NASDAQ: FAAS) has catapulted into the spotlight with a headline-grabbing announcement: a plan to raise $100 million for purchasing Bitcoin as part of a transformative treasury strategy. The Jakarta-based company’s decision sent its stock soaring over 91% in a single trading day, despite lingering volatility in both equity and crypto markets. This bold move positions DigiAsia among an elite group of corporations embracing Bitcoin as a strategic reserve asset.

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Strategic Shift: Bitcoin as a Treasury Asset

DigiAsia’s board has authorized a plan to allocate up to 50% of its net profits toward acquiring Bitcoin. Beyond using profits, the company also intends to raise fresh capital—up to $100 million—to immediately initiate its crypto holdings. This treasury reallocation signals a profound shift in how DigiAsia intends to manage financial reserves, reflecting increasing confidence in digital assets as long-term stores of value.

The fintech company is not just buying and holding. It is actively exploring yield-generating mechanisms for its Bitcoin holdings, including lending and staking via regulated partners. Additionally, DigiAsia is considering issuing convertible notes and crypto-linked financial instruments, positioning itself as a hybrid between traditional fintech and crypto-native financial innovation.

Market Reaction: A Surge Followed by Sobriety

The market responded swiftly. DigiAsia’s stock closed at $0.36 on May 19, up from around $0.19—a gain of more than 91%. However, the rally cooled off in after-hours trading, with shares dipping to $0.28, reflecting cautious optimism among investors.

Despite the recent boost, DigiAsia’s stock remains down 53% year-to-date, having peaked near $12 in March 2025. This volatility underscores the speculative nature of investor sentiment around companies engaging with cryptocurrencies.

Financial Fundamentals: Revenue Up, Profits Ahead

In its latest financial update, DigiAsia reported a 36% year-over-year increase in revenue, hitting $101 million in 2024, and it forecasts revenues of $125 million in 2025. The company also expects $12 million in EBIT (earnings before interest and taxes), providing a solid operational foundation to support its Bitcoin pivot.

Joining the Corporate Bitcoin Movement

DigiAsia’s move mirrors similar treasury strategies by well-known players such as MicroStrategy, which holds over 576,000 BTC (worth approximately $60.9 billion). Other firms like GameStop and Strive Asset Management have also hinted at or initiated crypto-focused treasury moves. Collectively, corporate treasuries now hold more than 3 million BTC, valued at over $340 billion, according to Bitbo.

This trend is being fueled by the belief that Bitcoin, with its fixed supply and decentralized nature, may outperform fiat currencies as a hedge against inflation and geopolitical risk.

A Broader Vision: Bitcoin as the Future of Corporate Reserves?

Industry leaders like Adam Back, CEO of Blockstream, and Michael Saylor of MicroStrategy argue that this is only the beginning. They project Bitcoin's market cap could reach $200 trillion over the next decade as adoption accelerates across both institutional and governmental levels. As of now, Bitcoin’s market cap hovers around $2 trillion, with the asset trading at $105,642, up 2% in the last 24 hours.

DigiAsia's initiative may seem ambitious, but it reflects a calculated risk aligned with these evolving macroeconomic narratives.

Risks and Considerations

While the strategy is forward-looking, it is not without risk. Bitcoin remains a volatile asset, and the integration of crypto into corporate finance still faces regulatory uncertainties, security concerns, and accounting challenges. Additionally, raising $100 million in fresh capital may dilute shareholder value or increase financial liabilities if not executed prudently.

Conclusion

DigiAsia’s Bitcoin treasury strategy marks a significant milestone in Southeast Asia’s digital finance landscape. Whether this move proves visionary or premature will depend on broader market trends, regulatory evolution, and the company’s execution capabilities. For now, the message is clear: DigiAsia is betting big on Bitcoin—and investors are watching closely.

FAQs

What is DigiAsia's new Bitcoin strategy?

DigiAsia Corp plans to allocate up to 50% of its net profits toward purchasing Bitcoin and raise $100 million to initiate its crypto treasury holdings. The firm also aims to generate yield from its Bitcoin through lending and staking.

Why did DigiAsia’s stock price surge?

The stock jumped over 91% after the company announced its Bitcoin strategy, reflecting strong investor interest in digital asset adoption by traditional financial firms.

Is DigiAsia the first to adopt Bitcoin as a treasury asset?

No. DigiAsia joins a growing list of firms like MicroStrategy, GameStop, and Strive Asset Management that have incorporated Bitcoin into their corporate treasuries.

How much has DigiAsia’s stock changed overall in 2025?

Despite the recent rally, DigiAsia’s stock is still down around 53% year-to-date, having peaked at nearly $12 in March 2025.

What are the risks of DigiAsia’s Bitcoin strategy?

Key risks include market volatility, regulatory uncertainty, security issues, and the financial implications of raising large amounts of capital for crypto investment.

That's all for today, see ya tomorrow! If you want more, be sure to follow our X (@croxroadnewsco), Instagram (@croxroadnews.co), Youtube (@thebitcoinlibertarian), Tiktok (@croxroadnews) and nostr - [email protected]

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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