Shares in DigiAsia Corp surged nearly 100% after announcing plans to invest $100 million in Bitcoin. The Jakarta-based company aims to create a 'treasury reserve' for Bitcoin, allocating 50% of profits for BTC acquisitions. Additionally, DigiAsia is exploring a $100 million capital raise to kickstart its Bitcoin holdings and generate yield through lending and staking. The firm is in talks with partners for yield strategies and considering convertible notes linked to its Bitcoin holdings. Despite the initial stock surge, DigiAsia saw a 22% drop post-announcement. Other companies, like Strive Asset Management and GameStop, are also entering the Bitcoin treasury trend. Corporate Bitcoin treasuries collectively hold over $340 billion in BTC, with predictions of global adoption driving Bitcoin's market cap to $200 trillion in the next decade. Currently, Bitcoin's market cap stands at $2 trillion, trading at $105,642 per BTC. Read more AI-generated news on: https://app.chaingpt.org/news

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