Indian listed company Jetking completes fundraising of 115 million rupees and plans to increase its Bitcoin holdings to 18,000 within five years

 the Indian listed company Jetking Infotrain announced the establishment of a 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 Bitcoins by 2030. It is reported that Jetking Infotrain has issued 460,000 common shares at a price of 250 rupees per share, raising 115 million rupees. The company previously purchased 5.9835 Bitcoins at a price of approximately $110,957 per coin, with a total expenditure of approximately $663,911. The current Bitcoin holdings are 21 coins. However, India has strict regulations on cryptocurrencies, with a 30% tax on cryptocurrency gains and a 1% withholding tax (TDS) on each transaction.