Jetking Infotrain made a big investment in Bitcoin: A bold step in India’s crypto landscape
An IT hardware training company has taken the help of crypto for treasury management, Jetking’s move is going to surprise everyone.
Jetking Infotrain, a Mumbai-based IT hardware training company, has recently taken a daring step that is rarely seen in the Indian corporate world. The company has invested in Bitcoin to diversify its treasury reserve – that too by raising funds through direct share sale. Such a move is considered rare in India’s strict regulatory environment.
Raised ₹6.10 crore through Preferential Share Issue
The company told Bombay Stock Exchange that it has raised ₹6.10 crore through preferential share issue. In this process, Jetking allotted 3.96 lakh shares at a rate of ₹154 per share. The company did not disclose to whom these shares were issued. But one thing is clear – Jetking has bought Bitcoin by combining all this money and some cash reserves of the company.
Bitcoin Holdings: 21 BTC worth ₹13.6 crore
As of March 31, 2025, Jetking had 15.02 bitcoins. But by May 28, 2025, this number had increased to 21 bitcoins, with an average purchase price of ₹64.6 lakh per bitcoin. According to this, the company has Bitcoin holdings worth about ₹13.6 crore.
Apart from this, Jetking had also invested ₹2.2 crore in Ethereum by March 2024. In December 2024, the company officially announced that it is adopting Bitcoin as its primary treasury reserve asset — a move that is almost unheard-of for listed companies in India.
Jetking shares saw a slight uptick
After the news, Jetking shares saw a slight uptick of 2% and the stock closed at ₹133.60. Market experts say that this move can attract investors’ interest in the long-term, but for now it is in the speculative zone.
Crypto investment by listed firms in India — an uncommon move
Generally, companies listed in India invest their surplus funds in traditional instruments like fixed deposits, mutual funds, or government securities. Investing in a volatile and regulatory grey-zone asset class like crypto is considered a rare and risky move. Jetking’s decision reminds us of the treasury strategy of US giants like Tesla, where Elon Musk also deployed the company’s funds in Bitcoin.
Is this step correct from a regulatory lens?
Shriram Subramanian, founder and MD of InGovern Research Services, said, “A company is also a legal entity, and if it invests in crypto with proper disclosures, especially when it is raising money by issuing shares, then it is legally allowed.” He says that transparency and compliance are the most important factors.
Financial Performance: Losses despite Growth
Talking about financials, Jetking reported net sales of ₹5.4 crore in the March 2025 quarter, which is better than ₹4.4 crore in the March quarter of last year. But, the company reported a net loss of ₹1.3 crore, while the loss in the same quarter last year was ₹0.6 crore. Meaning, the top line has grown, but the bottom line is still in the red zone.
Will this crypto push by Jetking be a game-changer?
This move by Jetking is a bold signal for the Indian market – that if done with proper compliance and risk management, crypto can become a viable treasury option. But it is also true that crypto regulation in India is still in an evolving phase. Both RBI and SEBI have not clarified their stance on digital assets.
It remains to be seen what is the long-term impact of Jetking’s crypto-focused treasury strategy. Will it boost the financial health of the company, or will volatility and regulatory crackdown pose a risk to it? Only time will tell.