Mumbai-based IT hardware training firm, Jetking Infotrain, has made a significant and bold move by investing in Bitcoin, marking a rare instance of a listed Indian company venturing into the volatile world of virtual digital assets. This strategic decision was announced following a recent share sale aimed at funding this cryptocurrency acquisition.

To finance its Bitcoin purchases, Jetking Infotrain completed a preferential issue of shares, raising ₹6.10 crore. This was achieved by allotting 3.96 lakh shares at a price of ₹154 per share. The company confirmed that the entire corpus from this share sale, supplemented by its existing cash reserves, was deployed to acquire Bitcoin. Details regarding the allottees of these preferential shares were not disclosed by the company.

As of May 28, 2025, Jetking Infotrain holds 21 Bitcoins. These were acquired at an average purchase price of ₹64.6 lakh each, bringing the total value of its Bitcoin holdings to approximately ₹13.6 crore. This reflects an increase from its holdings on March 31, 2025, when the company reported 15.02 Bitcoins on its balance sheet. Demonstrating a deeper commitment to digital assets, Jetking had formally adopted Bitcoin as its primary treasury reserve asset in December 2024. In addition to Bitcoin, the company also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024.

The market reacted positively to the news, with Jetking Infotrain's shares rising by 2% to close at ₹133.60 on the day of the announcement. The company has a market capitalization of ₹79 crore. Jetking's foray into Bitcoin is particularly noteworthy given India's stringently regulated and crypto-cautious environment, where most listed firms tend to stick to traditional investment instruments. This move draws parallels with the treasury strategies of some U.S. companies, like Tesla, known for their Bitcoin investments.

Commenting on the regulatory aspects of such an investment, Shriram Subramanian, founder and Managing Director of InGovern Research Services, stated, "A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue." This underscores the importance of transparency and proper disclosure for companies undertaking such financial strategies.

In terms of its core business performance, Jetking Infotrain reported net sales of ₹5.4 crore for the quarter ending March 2025, up from ₹4.4 crore in the same quarter of the previous year. However, the company also reported an increased net loss of ₹1.3 crore for the March 2025 quarter, compared to a net loss of ₹0.6 crore recorded in March 2024.

Jetking Infotrain's strategic allocation of capital towards Bitcoin, facilitated by a dedicated fundraising effort, represents a distinctive approach to corporate treasury management in the Indian context. It signals a growing, albeit carefully navigated, exploration of digital assets by businesses in the country.