Indian Listed Company Jetking Raises 115 Million Rupees and Plans to Increase Bitcoin Holdings to 18,000 Within Five Years

According to Jinse Finance, Indian publicly listed company Jetking Infotrain has announced its Bitcoin treasury strategy and disclosed its holding targets. The company aims to accumulate 210 Bitcoins by the end of 2025 and increase its Bitcoin holdings to 18,000 by 2030. Jetking Infotrain has already issued 460,000 ordinary shares at a price of 250 rupees per share, raising 115 million rupees. Previously, the company purchased 5.9835 Bitcoins at approximately $110,957 per Bitcoin, with a total expenditure of about $663,911, and currently holds 21 Bitcoins. However, India maintains a strict regulatory environment for cryptocurrencies, with crypto asset gains subject to a 30% tax and a 1% Tax Deducted at Source (TDS) applied to each transaction.