Micro-Cap Firm Jetking Infotrain Raises Funds Via Preferential Issue To Buy Bitcoins
Jetking holds 21 Bitcoins, acquired at an average purchase price of Rs. 64.65 lakhs per Bitcoin.
Jetking Infotrain Ltd., an IT training and education company with a market capitalization of Rs. 80 crore, has announced the successful completion of a preferential issue of equity shares, raising approximately Rs. 6.10 crore.
The company has deployed these proceeds to acquire virtual digital assets, specifically Bitcoin, signaling a strategic diversification from its core business.
Incorporated in 1947, Jetking Infotrain Ltd. has a long-standing presence in the IT training sector, specializing in Hardware, Networking, and Digital courses. Headquartered in Mumbai, the company operates through over 150 training centers and affiliate franchisees across India, Nepal, and Southeast Asia, having trained more than 1 million students.
As of March 31, 2025, Jetking held 15.02 Bitcoins amounting to Rs. 13.8 crores. Subsequent to the preferential issue and through the deployment of both issue proceeds and internal accruals, the company has further increased its Bitcoin holdings. As of May 28, 2025, Jetking holds 21 Bitcoins, acquired at an average purchase price of Rs. 64.65 lakhs per Bitcoin. Bitcoin currently trades at Rs. 92. 2 lakhs.
The company also held nearly Rs. 2.2 crore worth of Ethereum as on 31st March'24.
