Jetking Stock Soars 94% After Bitcoin Purchase; Will Others Follow?

Jetking Stock Soars 94% After Bitcoin Purchase; Will Others Follow?

Jetking Infotrain, India’s first publicly listed firm to use Bitcoin, has seen its stock price skyrocket as its BTC investing plan proved successful. According to reports, the company’s shares have recently reached highs not seen since 2009. Will this encourage more Indian enterprises to use Bitcoin?

Jetking’s Bold Bitcoin Strategy

Significantly, India’s IT business, Jetking Infotrain, will use Bitcoin as its principal treasury reserve asset in December 2024. Since then, the corporation has aggressively acquired Bitcoin, demonstrating a fresh attitude to financial regulations.

According to Jetking CFO Siddarth Bharwani, the business made its most recent BTC acquisition in May 2025. On May 28, the company bought 5.98 BTC for $617,143, or $110,975 per BTC. Bharwani claimed that the company’s Bitcoin assets had returned 31.05% year to date (YTD) in 2025. As of May 28, the IT business has 21 bitcoins worth $15.8 million, with an average purchase price of $75,291.

Bitcoin Strategy Fuels Stock Growth

Jetking’s Bitcoin acceptance and subsequent development are particularly noteworthy, given that negotiations are presently ongoing to establish a Bitcoin reserve in India.

Since executing its Bitcoin investing approach, Jetking’s stock has skyrocketed, resulting in significant returns. Over the last 5 days and 30 days, the shares have increased by 10.5% and 33.8%, respectively. Jetking’s stock has increased by an amazing 94% in the last six months as a result of its bitcoin acquisition strategy.

India’s Crypto Regulation Hurdle

Despite firms like Jetking adopting cryptocurrency, India’s lack of clear crypto laws is impeding other enterprises. In March 2025, the Supreme Court of India compared Bitcoin trade in the nation to ‘a perfected version of Hawala commerce,’ expressing disappointment that the government had failed to develop a clear regulatory framework for digital currency.

Later in May, Justices Surya Kant and Kotiswar Singh raised worry at a hearing about the lack of a legal framework for cryptocurrency, pushing the government to take action. However, the government still lacks clear regulatory restrictions, discouraging people and organizations from using Bitcoin.

Will Other Firms Follow Jetking?

Interestingly, Jetking’s strategic BTC collection and subsequent stock gain are expected to drive more public firms to participate in cryptocurrency. If India creates a crypto-friendly atmosphere, it will be a perfect place for Bitcoin mining owing to its abundant energy resources.

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