Key Highlights
- Jetking’s Joint Managing Director and CFO revealed that many Indian firms are planning to amass BTC as treasury belongings
- The corporate at the moment owns 21 BTC and is planning to amass 18,000 BTC by 2030.
- Nonetheless, India at the moment has no clear regulatory framework for the cryptocurrency sector
Siddarth Bharwani, Joint Managing Director and CFO of Jetking Infotrain, revealed {that a} main Indian firm has proven deep curiosity in adopting a Bitcoin technique for its treasury.
🇮🇳 Siddarth Bharwani: A significant Indian public firm is occupied with shopping for Bitcoin for its treasury 👀 pic.twitter.com/KIqtkwALnc
— Crypto India (@CryptooIndia) September 28, 2025
In an interview, Jetking Infotrain, a 77-year-old identify in IT schooling, goes all-in on Bitcoin. The corporate is progressively growing its treasury by buying the world’s most well-known cryptocurrency over conventional money.
Below the management of Siddarth Bharwani, the corporate’s Joint Managing Director, Jetking has established itself as India’s first publicly-listed pioneer of the “Bitcoin Commonplace.”
Jetking Joins Bandwagon of Bitcoin Treasury Technique
Jetking’s journey into Bitcoin began quietly in December 2024. The corporate made an enormous resolution to designate Bitcoin as its major reserve asset.
Merely put, as an alternative of parking all its extra cash in financial institution accounts or conventional investments, it might convert a good portion into Bitcoin.
To finish this initiative and purchase Bitcoin, Jetking turned to its buyers. In April of this yr, the corporate raised ₹6.6 crore (roughly $793,000) by issuing new shares. By July, they permitted a good bigger fundraiser of ₹11.5 crore ($1.34 million) for a similar objective.
Whereas this quantity is relatively small to goliath Bitcoin holding firms like Technique, the corporate grabbed headlines within the Indian media to begin a wave of Bitcoin treasury in India.
From an preliminary buy of 12 Bitcoin, their holdings have grown. As of latest reviews, the corporate holds 21 Bitcoin, valued at over $2.30 million on the present market worth, in accordance with BitcoinTreasuries.Internet. For an organization with a market worth of round ₹176 crore, this implies over 1 / 4 of its worth is now tied to the risky digital asset.
On his social media profile, Siddharth proudly introduced Jetking’s place as India’s first listed firm to undertake a Bitcoin reserve technique. He additionally desires to carry 210 Bitcoin by the tip of 2025 and a large 18,000 Bitcoin by 2030.
Amid the regulatory ambiguity across the cryptocurrency sector in India, the corporate can also be going through challenges to increase its reserve. The Bombay Inventory Alternate (BSE) lately raised issues, rejecting one among Jetking’s proposals to difficulty new shares particularly for crypto investments. Nonetheless, the corporate is difficult this resolution and has proven a stance to battle again.
Indian Ruling Get together Minister Proposed Bitcoin Reserve
The nation’s ruling celebration, the BJP, has began a nationwide dialog a few attainable strategic Bitcoin reserve. A celebration spokesperson lately pointed to the USA, which, beneath President Trum,p constructed a multi-billion greenback Bitcoin reserve, and to Bhutan, India’s neighbor, as examples to contemplate.
Bhutan’s story is especially compelling. The small, carbon-negative kingdom has been utilizing its extra hydropower to mine Bitcoin for years. Its holdings at the moment are round 11,286 BTC, which is round $1.24 billion, equal to almost 40% of its GDP.
This sum is a big chunk of its whole nationwide financial system. This “inexperienced mining” has funded public providers and created jobs, which affords a robust mannequin for different nations.
Indian Firm Acquires Bitcoin Strategic Reserve
A widely known Indian firm is betting that Bitcoin is a safer retailer of worth for the longer term than the Indian Rupee sitting in a financial institution. They’re impressed by world giants like Michael Saylor’s Technique within the US, which has seen its worth skyrocket after shopping for billions in Bitcoin. Nonetheless, Regulatory roadblocks stay. It has turn out to be India’s most high-profile check case for company Bitcoin adoption.
India at the moment has no clear regulatory framework for the cryptocurrency sector. This ambiguity and a stringent 30% tax, 1% TDS, and 18% GST on platform charges create hurdles for public firms like Jetking buying Bitcoin.
Moreover, the RBI’s cautious stance and the BSE’s rejection of crypto-related listings add compliance dangers. This probably impacts corporations negatively regardless of rising political assist for strategic Bitcoin reserves.
