India-listed Jetking Approves Private Placement of 460,000 Shares to Expand Bitcoin Strategy

Jetking Infotrain Ltd. a 77-year-old Indian IT training company, is doubling down on its Bitcoin strategy, announcing a new ₹11.5 crore (~$1.34 million) equity issue to support its expanding Bitcoin treasury and blockchain education initiatives.

On July 21, the company’s board approved a preferential allotment of 460,000 equity shares at ₹250 each to selected non-promoter investors. This is their second and by far the largest funding this year, to deepen its digital asset strategy.

Jetking Moves Deeper into Bitcoin Strategy

According to CFO Siddarth Bharwani, the proceeds will be used to expand the company’s Bitcoin holdings, cover general operational expenses, and scale blockchain education and skill development programs. The offering complies with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013, and remains subject to regulatory and shareholder approvals.

While the company’s management structure remains unchanged, the shareholding pattern may shift slightly depending on the final allocation.

Related: This Indian Company Just Went All-In on Bitcoin: Here’s Why

April Funding Round Sets the Stage

This latest capital raise follows an earlier announcement on April 2, when the CFO outlined the company’s initial move to scale its Bitcoin-related business. At the time, Jetking issued 428,622 equity shares at ₹154 each, raising a total of ₹6.6 crore.

The funds were allocated for purchasing digital assets, fulfilling operational needs, and investing in training and skill acquisition related to Bitcoin and blockchain technology.

Jetking had already made a notable entry into the Bitcoin market in December 2024, acquiring 12 Bitcoins valued at approximately $1.2 million. The acquisition was a bold step for an Indian public company, with some observers comparing the firm’s actions to strategies employed by prominent global players investing in digital assets.

Related: Bitcoin Clears $100K With Strategy Launching 2025 BTC Adoption Model

Founded nearly 77 years ago, Jetking has been a long-standing name in India’s IT training industry. The company’s recent shift toward crypto assets and blockchain education shows an effort to align with evolving market demands.

With Bitcoin price rising above $119,000 today, institutional interest in crypto has continued to rise across sectors.