Jetking Infotrain, a 77-year-old Indian IT training company, has made headlines by significantly investing in Bitcoin, marking a noteworthy event in India's cryptocurrency landscape. This move positions Jetking as the first Indian company to officially adopt the Bitcoin standard, signaling a potentially transformative shift in how Indian corporations view and utilize digital assets.
In a recent development, Jetking Infotrain raised ₹6.1 crore through a share sale specifically to increase its Bitcoin holdings. As of May 28, 2025, the company's Bitcoin reserves have grown from 15.02 coins at the end of March to 21 coins, acquired at an average price of ₹64.65 lakh per Bitcoin. This substantial investment underscores Jetking's strong commitment to Bitcoin as a primary treasury reserve asset.
The decision to designate Bitcoin as its primary treasury reserve asset was formalized in December 2024. According to the company's treasury policy, Bitcoin is now preferred over traditional cash holdings as a long-term store of value. This strategy reflects a forward-thinking investment thesis, leveraging Bitcoin as a hedge against currency devaluation and demonstrating confidence in the long-term potential of digital assets.
Siddarth Bharwani, Joint MD and CFO of Jetking Infotrain, expressed his enthusiasm on X, stating that the company has "orange-pilled into the Bombay Stock Exchange." The term "orange pill" refers to educating someone about Bitcoin and its underlying principles, highlighting the flaws in traditional financial systems and the potential benefits of a decentralized digital currency.
Jetking's investment in Bitcoin mirrors a growing global trend, with companies like MicroStrategy also adding significantly to their Bitcoin portfolios. This move could inspire other Indian corporations to explore crypto assets, potentially accelerating the growth and adoption of the crypto ecosystem in India.
The market has responded positively to Jetking's Bitcoin strategy. On December 9, 2024, when the company announced its adoption of Bitcoin as a primary treasury asset, its stock price jumped from ₹64.92 to ₹156.80. While the stock later corrected, it has shown a steady recovery, trading at ₹133.60 as of today, May 29, 2025.
Jetking Infotrain, with a market capitalization of ₹78.92 crore, has a long-standing presence in the IT training sector. Operating through a network of over 150 training centers across India, Nepal, and Southeast Asia, the company has trained more than 1 million students. By integrating Bitcoin into its corporate treasury strategy, Jetking is not only enhancing its financial strategy but also solidifying its reputation as an innovator in India's digital economy.
This bold move by Jetking Infotrain is expected to play a pivotal role in mainstreaming crypto assets in India. By combining educational leadership with strategic investments, Jetking is well-positioned to influence the broader adoption and integration of crypto assets across Indian corporations, shaping the future of digital asset adoption in the country's business landscape.
