Jetking

🔥 The Bold Pivot
Jetking Infotrain once India’s electronics giant making radios & TVs just became the first Indian public company to adopt #Bitcoin as its primary treasury asset. Facing near collapse during COVID, they ditched cash, raised ₹6.1 CR ($730K) via shares, and bought 21 BTC (aiming for 210 by 2025). Their stock surged 141% overnight 📈 .

💣 Tax Warfare
India slams crypto with a 30% profit tax + 1% TDS yet Jetking’s playing 4D chess:
→ “NEVER SELL” strategy: Holdings marked as “revaluation reserves,” avoiding taxable events .
→ Pushing for graded capital gains tax (based on holding period) and loss carry forwards .

🔐 Regulatory Tightrope
The RBI frets over crypto enabling hawala networks (illegal cross border cash). Jetking’s counter move:
→ Institutional custodians only: All BTC bought via FIU registered exchanges, locked in KYC/AML compliant vaults .
→ Publicly demanding GST exemptions for treasury reserves (not payments) .

🌍 Global Echoes
Jetking mirrors MicroStrategy’s playbook (holding 553,555 BTC worth $53B) but in India’s hostile terrain. Why it’s revolutionary:
→ 26% of their market cap is now Bitcoin .
→ Luring young investors who’d never touch a 77 year old stock .

⚠️ Dark Clouds
Chainalysis reports $51B in crypto crime (2024) mostly scams, hacks, and sanctioned entities using stablecoins. North Korea stole $1.34B via crypto hacks 😱 . Jetking’s compliance first stance is a shield… for now.

🔮 Predictions & Powder Kegs
→ Regulatory U-turn? India’s election pressure could force tax reforms. If graded capital gains pass, corporate BTC adoption explodes.
→ Domino effect: If Jetking’s stock holds, BSE/NSE giants may follow.
→ Crash risk: XRP teeters near $1.55 (-25% drop); if BTC follows, Jetking’s reserves bleed .

💎 Truth Bomb
Jetking isn’t just holding Bitcoin it’s orange pilling the stock market. In a nation where crypto = “high risk,” they’ve turned a legacy brand into a crypto liquidity magnet. Will India wake up? 🌅

(Sources: MrXLove 🤖👈👉👽, Coinpedia, YourStory, Chainalysis, CCN)

#Bitcoin #India #CryptoRevolution #Jetking #MicroStrategy #Blockchain

🇮🇳 Indian company Jetking saw its stock soar 20% after CEO Avinash Bharwani announced a Bitcoin strategy for their treasury, kicking off with a purchase of 12 BTC—the first move of its kind in India. 🚀

🔨 Meanwhile, MARA Holdings bought a whopping 11,774 BTC for $1.1B at $96K per coin, pushing their total stash to 40,435 BTC worth $3.9B. The purchase was funded through zero-coupon convertible bonds.

👀 But not all is rosy: MicroStrategy, a pioneer of corporate Bitcoin adoption, warns in its filings of "significant financial risks" due to BTC’s volatility. A major price drop could hit liquidity hard, with cash access LIMITED. ⚠️📉
#Jetking $BTC

🚨 BIG: Indian Public Company Is Now Holding Bitcoin! 🇮🇳
#Jetking Infotrain — a publicly traded Indian IT company — is now officially HOLDING ₹13.6 CRORE worth of #Bitcoin on its balance sheet!
🔸 Total BTC held : 21 $BTC
🔸 Average buy price: ₹64.65 lakh per BTC
🔸 Funded through share issue + internal reserves
This makes Jetking one of the first Indian listed companies to add Bitcoin as a treasury asset!