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DigiAsia stock soars 90% on $100M Bitcoin treasury plan

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DigiAsia’s $100M BTC plan nearly tripled its stock value.
The growing BTC treasury trend could rally BTC to $500K by 2029.

On the 19th of May, DigiAsia Corp stock (Nasdaq: FAAS) almost tripled from $0.2 to nearly $0.6, marking over 90% pump.

The tech firm focused on digital financial services in Asia and beyond, recorded a massive stock rally after announcing a $100M Bitcoin [BTC] treasury plan.

BTC treasury trend

In a statement, the firm said it was exploring a $100M capital raise to achieve the BTC corporate reserve and will commit 50% of its net profit for a similar initiative.

Speaking on the motivation behind the move, Prashant Gokam, Co-CEO of DigiAsia, stated,

“We believe Bitcoin represents a compelling long-term investment and a foundational layer for modern treasury diversification. This move positions DigiAsia at the forefront of institutional crypto adoption and reflects our broader commitment to fintech and blockchain innovation.”

The firm added that the initiative would help preserve shareholder value and improve treasury returns. Several firms have jumped on the BTC treasury trend pioneered by Strategy (MicroStrategy) in 2020.

Undeniably, the BTC bet has been attractive. For Strategy, its MSTR share has pumped over 3000% since embracing BTC.

In fact, BTC rallied about 1000% over the same period. By that logic alone, one would argue that it was better to invest in MSTR than the original BTC.

However, MSTR growth has been enabled by Strategy’s massive 576.23K BTC holdings, acquired at over $40 billion.

Per current market prices, the firm’s stash was worth over $61B, translating to about $21 billion in unrealized profit.

Another firm, Japan-based Metaplanet, wh

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Author: Benjamin Njiri

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