In the rare instance of the world of crypto investing intersecting with Dalal Street, a little-known micro-cap company — Jetking Infotrain — used the funds it raised from stock market investors to buy bitcoins.
Jetking Infotrain informed the exchanges on May 28 that the ₹6 crore it raised through a preferential issue has been utilised to buy the world’s largest crypto token, Bitcoin.
As part of its fundraising plan, the micro-cap firm, having a market capitalisation of just ₹79 crore, raised ₹6.10 crore via allotment of 3,96,156 equity shares at a price of ₹154 each.
The company stated that the capital raised was used to acquire virtual digital assets (i.e., Bitcoin), in line with the approved objectives of the preferential issue.
Jetking’s bitcoin holdings
The company said as of March 31, 2025, it held 15.06 Bitcoins.
“Subsequent to the preferential issue and through deployment of both the issue proceeds and internal accruals from operating cash flows, the company has further increased its Bitcoin holdings,” the microcap company told exchanges.
With this, it now holds 21 Bitcoins, acquired at an average purchase price of ₹64.65 lakh, amounting to ₹13.57 crore.
