DigiAsia Plans $100 Million Bitcoin Investment; Stocks Surge 194%

Key Insights

• DigiAsia to Invest $100 million to buy Bitcoin

• DigiAsia stocks soars to hit $0.56 amid intentions to buy BTC

DigiAsia to Invest $100 Million in Bitcoin

Indonesian fintech firm DigiAsia is the latest publicly traded company to embrace Bitcoin as part of its corporate strategy. The Nasdaq-listed company has announced plans to raise up to $100 million to purchase Bitcoin and build a long-term digital asset treasury signaling its belief in the growing role of crypto in traditional finance.

A Bold Move Amid Market Volatility

DigiAsia Corp's stock price rises by 194% to $0.56 over the past day,

DigiAsia's board of directors has approved the establishment of a Bitcoin treasury reserve, placing the company alongside major BTC backers like MicroStrategy and Japan’s Metaplanet. As part of the initiative, 50% of the firm’s future net profits will be allocated toward buying Bitcoin.

In addition to direct purchases, DigiAsia is exploring crypto-based yield strategies, including staking, lending, and structured crypto financial instruments. The company is already in discussions with regulated digital asset partners to ensure proper management and security of its Bitcoin holdings.

Stock Surges to 3 Months High

The market responded swiftly to the announcement. DigiAsia’s stock (FAAS) surged by 194% during trading hours on May 19, hitting a high of $0.56 from a low of $0.19. However, the momentum didn’t last long — the stock fell after-hours trading, closing at $0.36.

Despite this recent boost, FAAS shares have struggled over the past year. The stock is down 96% from its May 2024 high of $9.60, and remains more than 56% lower in 2025 alone.

Strong Fundamentals Despite Stock Slump

Interestingly, DigiAsia’s core business appears to be growing steadily. The Jakarta-based company, which offers fintech-as-a-service solutions — including cashless payments, digital wallets, and banking infrastructure — reported $101 million in revenue in 2024, marking a 36% year-over-year increase.

Looking ahead, DigiAsia projects $125 million in revenue for 2025, with expected earnings of $12 million before interest and taxes. This solid performance may provide the runway the company needs to support its Bitcoin initiative.

Following the Lead of Crypto-Forward Companies

DigiAsia’s decision mirrors moves by other prominent firms. MicroStrategy recently added 7,390 BTC to its already massive holdings, bringing its total to over 576,000 BTC. Meanwhile, Japan’s Metaplanet purchased another 1,004 BTC this month, continuing its Bitcoin accumulation strategy.

These companies are part of a growing trend where public corporations see Bitcoin not only as a hedge but also as a strategic reserve asset. By diversifying their treasuries with crypto, they aim to benefit from long-term appreciation and increased financial flexibility.

DigiAsia’s bold entrance into Bitcoin territory marks a significant step in the mainstream adoption of crypto by public companies. While its stock continues to face volatility, the firm's pivot toward digital assets could reinvigorate investor interest and position it as a regional fintech innovator. it's vital to recall that even MicroStrategy was struggling before adopting Bitcoin strategy