Jetking exits $6M real estate holdings after underperformance to reallocate funds into Bitcoin, signaling a bold asset strategy shift.
The IT firm now holds 21 Bitcoins, purchased at Rs 64.65 lakhs each, reflecting a sharp pivot from education to digital assets.
Jetking’s crypto pivot boosts its stock 175% in 12 months, positioning it among Indian companies embracing Bitcoin as a treasury asset.
Jetking Infotrain Ltd has sparked headlines by liquidating its entire real estate portfolio to invest in Bitcoin. The IT training firm has exited traditional property investments worth $6 million, citing poor long-term returns. Consequently, this strategic move is a complete shift in Jetking's treasury management, signaling full corporate adoption of digital assets over physical property.
The company revealed the performance of two key real estate assets. One property yielded an inflation-adjusted annual return of 0.71% over 11 years. The other produced a slightly lower 0.65% return across two decades. Both failed to beat inflation. Hence, the firm concluded that Bitcoin offers better long-term value.
From Classrooms to Crypto Holdings
Jetking is known for its legacy in IT education, having trained over one million students across 150+ centers in India and Southeast Asia. However, the firm’s recent financial steps tell a different story.
In a bold move, Jetking raised Rs 6.1 crore through a preferential equity allotment. Instead of reinvesting in its education business, it directed the funds toward Bitcoin. Moreover, the company used internal accruals to increase its BTC position.
By March 31, Jetking held 15.02 Bitcoins. As of May 28, that figure grew to 21 Bitcoins. The average purchase price stood at Rs 64.65 lakhs per Bitcoin. This marks a departure from Jetking’s traditional operating model.
A Corporate Pivot Toward Digital Assets
Siddharth Bharwani, a key company figure, confirmed that this Bitcoin accumulation is not a one-off investment. He emphasized that this pivot reflects genuine corporate policy. Additionally, the company disclosed these moves through official filings to the Bombay Stock Exchange. It has framed Bitcoin as its new core treasury reserve asset.
Jetking’s stock surged by 36% year-to-date. Over the past year, it has delivered a massive 175% gain.Hence, investors have responded positively, interpreting the crypto pivot as visionary rather than risky. Besides, the move echoes a growing trend among corporates shifting capital to decentralized assets. Jetking now joins a short list of publicly traded Indian firms betting big on Bitcoin. Moreover, this strategy shows a rising belief in Bitcoin’s long-term store of value.
The post Jetking Dumps Real Estate to Go All-In on Bitcoin appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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Jetking Dumps Real Estate to Go All-In on Bitcoin
Jetking exits $6M real estate holdings after underperformance to reallocate funds into Bitcoin, signaling a bold asset strategy shift.
The IT firm now holds 21 Bitcoins, purchased at Rs 64.65 lakhs each, reflecting a sharp pivot from education to digital assets.
Jetking’s crypto pivot boosts its stock 175% in 12 months, positioning it among Indian companies embracing Bitcoin as a treasury asset.
Jetking Infotrain Ltd has sparked headlines by liquidating its entire real estate portfolio to invest in Bitcoin. The IT training firm has exited traditional property investments worth $6 million, citing poor long-term returns. Consequently, this strategic move is a complete shift in Jetking's treasury management, signaling full corporate adoption of digital assets over physical property.
The company revealed the performance of two key real estate assets. One property yielded an inflation-adjusted annual return of 0.71% over 11 years. The other produced a slightly lower 0.65% return across two decades. Both failed to beat inflation. Hence, the firm concluded that Bitcoin offers better long-term value.
From Classrooms to Crypto Holdings
Jetking is known for its legacy in IT education, having trained over one million students across 150+ centers in India and Southeast Asia. However, the firm’s recent financial steps tell a different story.
In a bold move, Jetking raised Rs 6.1 crore through a preferential equity allotment. Instead of reinvesting in its education business, it directed the funds toward Bitcoin. Moreover, the company used internal accruals to increase its BTC position.
By March 31, Jetking held 15.02 Bitcoins. As of May 28, that figure grew to 21 Bitcoins. The average purchase price stood at Rs 64.65 lakhs per Bitcoin. This marks a departure from Jetking’s traditional operating model.
A Corporate Pivot Toward Digital Assets
Siddharth Bharwani, a key company figure, confirmed that this Bitcoin accumulation is not a one-off investment. He emphasized that this pivot reflects genuine corporate policy. Additionally, the company disclosed these moves through official filings to the Bombay Stock Exchange. It has framed Bitcoin as its new core treasury reserve asset.
Jetking’s stock surged by 36% year-to-date. Over the past year, it has delivered a massive 175% gain.Hence, investors have responded positively, interpreting the crypto pivot as visionary rather than risky. Besides, the move echoes a growing trend among corporates shifting capital to decentralized assets. Jetking now joins a short list of publicly traded Indian firms betting big on Bitcoin. Moreover, this strategy shows a rising belief in Bitcoin’s long-term store of value.
The post Jetking Dumps Real Estate to Go All-In on Bitcoin appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.