Jetking Infotrain, a leading Indian IT training company, saw its shares surge 113% in just over two weeks following its groundbreaking move to adopt Bitcoin as a primary treasury asset.
This massive increase in stock prices came after the company announced on December 9, 2024 that it had purchased 12 Bitcoins worth approximately $1.2 million, representing over 11.04% of its market value.
Since the announcement, Jetking’s stock has reached new heights, driven by investor optimism about the company’s innovative move. With a current market valuation of approximately $9.2 million.
Jetking’s decision to use Bitcoin highlights the growing trend of technology companies integrating digital assets into their financial strategies. The move brings Jetking in line with global technology companies such as MicroStrategy and Tesla, which have made similar investments in Bitcoin.
Jetking Infotrain was founded in 1947 and has over…
