Summary: Jetking Infotrain which is one of the oldest and OG Indian IT training company has now made headlines by adding and integrating Bitcoin as a treasury asset. This has made the company the first Indian company to adopt Bitcoin. This bold and progressive move has send its stock through the roof and it surged by 30% hitting a five year high.
Jetking Goes All In on Bitcoin
Jetking Infotrain, founded way back in 1947, just flipped the script on Indian tech by scooping up 12 Bitcoins worth $1.2 million. While that’s a small buy compared to big players, it’s still a major flex, making up 26% of their $4.5 million market cap. After the announcement, Jetking’s stock popped off, shooting up 30%.
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Known for training over 700,000 tech pros in everything from networking to cloud computing, Jetking is now hopping on the crypto bandwagon, joining global tech giants like Tesla and MicroStrategy. For a company with annual sales of just $2 million, this Bitcoin bet is getting people to sit up and take notice.
What’s the Catch?
While Jetking’s move is a vibe, replicating it might be tricky for other Indian companies. Crypto policies in India are still strict, with a hefty 30% tax on gains and plenty of regulatory red tape. Compare that to the U.S., where Bitcoin adoption among companies is practically trending, and you’ll see why Jetking’s decision is both bold and risky.
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For now, Jetking’s gamble is paying off, showing the power of mixing old-school legacy with new-age innovation.