DigiAsia Unveils $100 Million Bitcoin Investment Plan, Boosting Stock by 91%

On May 20th, **DigiAsia**, a prominent **Indonesian fintech** company, unveiled an ambitious plan to invest **$100 million** in **Bitcoin**. This strategic initiative, approved by the company’s board, includes the creation of a **Bitcoin reserve**, dedicating **50% of net profits** specifically for BTC acquisitions. DigiAsia aims to secure this significant funding through a combination of **convertible bonds** and various **crypto financial instruments**. Following the announcement, DigiAsia’s stock saw a remarkable surge of **91%**, peaking at **$0.36** by market close; however, the stock experienced a notable correction with a **22% drop** in after-hours trading. This development not only reflects the growing trend of traditional financial entities embracing **cryptocurrency investments** but also signifies DigiAsia’s commitment to leveraging the potential of the digital asset ecosystem for future growth.