DigiAsia Corp, a Singapore-based firm listed on Nasdaq, has announced plans to raise up to $100 million to establish a bitcoin treasury reserve. This news sparked a significant surge in the company's stock, which increased by 91% during regular trading but later fell by 22% in after-hours trading. DigiAsia aims to allocate up to 50% of its future net profits toward bitcoin acquisitions and is investigating yield-generating strategies such as institutional lending and staking. Co-CEO Prashant Gokarn emphasized the potential of bitcoin as a long-term investment and a vital component of modern treasury diversification. The firm is considering financing methods such as convertible notes to support this initiative. With reported revenue of $101 million in 2024, DigiAsia's actions signal a growing trend among publicly traded companies to diversify their balance sheets with cryptocurrency investments.

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