DigiAsia Corp has announced plans to invest $100 million in cryptocurrencies, mainly Bitcoin and Ethereum. CEO Prant Garn said that Bitcoin is a smart long-term investment and can play an important role in making company finances stronger and more balanced.
"We believe Bitcoin is a strong long-term investment and a key part of modern treasury strategies." – Prant Garn, CEO of DigiAsia Corp
Other companies, like Twenty One Capital, are doing similar things by putting large amounts of money into Bitcoin. This shows the growing interest in using cryptocurrencies as part of company funds.
DigiAsia's Announcement Increases Stock Price
After DigiAsia shared its crypto investment plan, the company's stock price went up. Although there was a small drop in price during after-hours trading, the overall rise shows that investors feel positive about the move.
This step may lead to better financial results and show strength in the market. Past examples suggest that using cryptocurrency for company funds could help keep finances stable, even during tough market conditions.