Latest news with #Jetking
Yahoo
02-07-2025
- Business
- Yahoo
‘Never selling' investor outlines ambitious Bitcoin price targets
'Never selling' investor outlines ambitious Bitcoin price targets originally appeared on TheStreet. Siddarth Bharwani, Joint Managing Director and CFO of Jetking, told TheStreet Roundtable that the classic Bitcoin cycle theory is 'getting slightly disrupted' as geopolitical turmoil fails to dent the market. Jetking designated Bitcoin as its primary treasury asset in December 2024. Under Siddarth Bharwani's phased plan, the company aims to hold 210 Bitcoin by the end of 2025 and amass 18,000 Bitcoin by 2030. 'The world went through a storm in the last six months and Bitcoin did not have a very extreme reaction,' he said, contrasting today's stability with the 60% – 70% COVID-era sell-off. Bharwani argues that Bitcoin's drivers are shifting. '2010 to 2020 was all the community and retail driving Bitcoin. 2020 to 2030 is going to be corporations driving Bitcoin. And 2030 onwards will be countries driving Bitcoin,' he said. That evolution reflects growing institutional involvement, which he believes will 'start getting slightly less volatile than it was before.' As evidence, he pointed to recent tariff wars and conflicts in the Middle East failing to provoke sharp price swings. 'If you see the world went through a storm, Bitcoin was still chilling,' he said, underscoring the asset's maturing market dynamics. When asked where Bitcoin tops in the current cycle, Bharwani offered a short-term target of about $150,000 to $160,000. 'I don't think the market cap will move three or four times in this year,' he noted, though he acknowledged higher moves over a longer horizon. Looking further ahead, he forecast that by the 2032 halving cycle — 'two cycles away' — Bitcoin's market capitalization could reach $9 trillion to $10 trillion, implying a price of roughly $600,000 to $700,000. 'That is conservative,' he said, contrasting his view with more bullish predictions of $2 million or $3 million. 'Never selling' investor outlines ambitious Bitcoin price targets first appeared on TheStreet on Jul 1, 2025 This story was originally reported by TheStreet on Jul 1, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move originally appeared on TheStreet. Siddarth Bharwani, Joint Managing Director and CFO of Jetking, expressed astonishment at Pakistan's recent decision to create a national Bitcoin reserve with MicroStrategy's Michael Saylor as an advisor. Jetking, a Mumbai-based IT education firm, has made headlines as India's first publicly listed company to adopt a Bitcoin treasury strategy. The company aims to hold 210 Bitcoin by 2025, mirroring MicroStrategy's approach. "I was shocked when I heard that," Bharwani said during a recent conversation with TheStreet Roundtable. "It was impressive to see a country like Pakistan, which generally does not have the best economic condition, to come out and take such a bold move." Pakistan's aggressive push toward Bitcoin adoption highlights the growing regional pressure on India. Bharwani believes this development should prompt India's government and financial institutions to quickly clarify their own Bitcoin stance. "Our neighboring countries having this kind of exposure towards Bitcoin or blockchain as an asset, as a category — I think India has to take notice as to why and how did they implement it," he noted. Bharwani also pointed out Bhutan's substantial Bitcoin investment as another critical sign for India. "Bhutan is holding about 14,000 Bitcoin, if I'm not mistaken. And they're creating a mindful city about two hours away from the capital," he said. He anticipates significant announcements from Indian authorities — including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the Ministry of Finance — in the near term. "I think in the next two to three months, we will have some view from RBI, from SEBI, from the government ministry of finance around how they're looking at Bitcoin," Bharwani stated. Despite acknowledging India's bureaucratic complexities, Bharwani remains optimistic. "It takes time to implement things in such a big country," he explained, but "when we do come out with the clarity, it will be a big one. It will be something that India will knock down." Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move first appeared on TheStreet on Jun 30, 2025 This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared.
Yahoo
30-06-2025
- Business
- Yahoo
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move originally appeared on TheStreet. Siddarth Bharwani, Joint Managing Director and CFO of Jetking, expressed astonishment at Pakistan's recent decision to create a national Bitcoin reserve with MicroStrategy's Michael Saylor as an advisor. Jetking, a Mumbai-based IT education firm, has made headlines as India's first publicly listed company to adopt a Bitcoin treasury strategy. The company aims to hold 210 Bitcoin by 2025, mirroring MicroStrategy's approach. "I was shocked when I heard that," Bharwani said during a recent conversation with TheStreet Roundtable. "It was impressive to see a country like Pakistan, which generally does not have the best economic condition, to come out and take such a bold move." Pakistan's aggressive push toward Bitcoin adoption highlights the growing regional pressure on India. Bharwani believes this development should prompt India's government and financial institutions to quickly clarify their own Bitcoin stance. "Our neighboring countries having this kind of exposure towards Bitcoin or blockchain as an asset, as a category — I think India has to take notice as to why and how did they implement it," he noted. Bharwani also pointed out Bhutan's substantial Bitcoin investment as another critical sign for India. "Bhutan is holding about 14,000 Bitcoin, if I'm not mistaken. And they're creating a mindful city about two hours away from the capital," he said. He anticipates significant announcements from Indian authorities — including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the Ministry of Finance — in the near term. "I think in the next two to three months, we will have some view from RBI, from SEBI, from the government ministry of finance around how they're looking at Bitcoin," Bharwani stated. Despite acknowledging India's bureaucratic complexities, Bharwani remains optimistic. "It takes time to implement things in such a big country," he explained, but "when we do come out with the clarity, it will be a big one. It will be something that India will knock down." Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move first appeared on TheStreet on Jun 30, 2025 This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared. Sign in to access your portfolio
Economic Times
30-05-2025
- Business
- Economic Times
Jetking Infotrain invests in Bitcoin: A bold move in India's crypto landscape
Jetking also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve asset. Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 85.36 ( -0.05 %) Buy XRP 191.62 ( -1.24 %) Buy BNB 57,865 ( -1.36 %) Buy Bitcoin 9,040,602 ( -1.64 %) Buy Ethereum 224,962 ( -1.73 %) Buy Mumbai: In a rare instance, Jetking Infotrain , a Mumbai-based firm in the business of IT hardware training, raised money through a share sale to buy virtual digital asset Wednesday, the company with a market value of ₹79 crore informed exchanges that it had completed a preferential issue of shares , raising ₹6.10 crore by allotting 3.96 lakh shares at ₹154 each. The company did not disclose to whom it sold the shares. Jetking said it deployed the entire corpus and used its cash to buy the shares rose 2% to close at ₹ of March 31, 2025, the company held 15.02 bitcoins on its balance sheet. As of May 28, 2025, the company holds 21 bitcoins acquired at an average purchase price of ₹64.6 lakh, valuing it at ₹13.6 listed firms stick to traditional investments. Jetking's move echoes the bold treasury strategies of US firms like Tesla, but is unheard of in India's stringently regulated, crypto-cautious environment."A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue," said Shriram Subramanian, founder and MD of InGovern Research also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve reported net sales of ₹5.4 crore for the March 2025 quarter, as against ₹4.4 crore in the same quarter last year. The company posted a net loss of ₹1.3 crore as against a ₹0.6 crore loss recorded in March 2024.
Time of India
30-05-2025
- Business
- Time of India
Jetking Infotrain invests in Bitcoin: A bold move in India's crypto landscape
Jetking also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve asset. Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 85.36 ( -0.06 %) Buy XRP 191.86 ( -1.22 %) Buy BNB 57,647 ( -1.78 %) Buy Ethereum 2,24,687 ( -1.81 %) Buy Bitcoin 90,27,169 ( -1.91 %) Buy Mumbai: In a rare instance, Jetking Infotrain , a Mumbai-based firm in the business of IT hardware training, raised money through a share sale to buy virtual digital asset Wednesday, the company with a market value of ₹79 crore informed exchanges that it had completed a preferential issue of shares , raising ₹6.10 crore by allotting 3.96 lakh shares at ₹154 each. The company did not disclose to whom it sold the shares. Jetking said it deployed the entire corpus and used its cash to buy the shares rose 2% to close at ₹ of March 31, 2025, the company held 15.02 bitcoins on its balance sheet. As of May 28, 2025, the company holds 21 bitcoins acquired at an average purchase price of ₹64.6 lakh, valuing it at ₹13.6 listed firms stick to traditional investments. Jetking's move echoes the bold treasury strategies of US firms like Tesla, but is unheard of in India's stringently regulated, crypto-cautious environment."A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue," said Shriram Subramanian, founder and MD of InGovern Research also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve reported net sales of ₹5.4 crore for the March 2025 quarter, as against ₹4.4 crore in the same quarter last year. The company posted a net loss of ₹1.3 crore as against a ₹0.6 crore loss recorded in March 2024.
