2024

Galaxy

Bitcoin

Gains

<ul>
 <li aria-level="1">Public companies globally now hold 2.6% of Bitcoin’s supply, with MicroStrategy leading as the top corporate holder.</li>
 <li aria-level="1">Despite India’s historically cautious stance on cryptocurrencies, Jetking Infotrain’s decision marks a significant step in Bitcoin acceptance.</li>
</ul>
Jetking Infotrain, an established Indian IT training provider with a 77-year history, has recently declared its adoption of Bitcoin as a primary treasury reserve asset. 
This decision marks a significant endorsement of Bitcoin within the traditional corporate sector and highlights the growing global trend of cryptocurrency integration into mainstream business operations.
As of the latest <a href="https://pbs.twimg.com/media/GeXKobfWIAA6KSj?format=png&amp;name=small" rel="noopener noreferrer nofollow">announcement</a>, Jetking Infotrain plans to allocate the majority of its treasury assets into Bitcoin, reflecting a strategic shift towards digital asset investment amidst an increasingly crypto financial market.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Jetking becomes India’s<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ee-1f1f3.png" alt="🇮🇳" class="wp-smiley" style="height: 1em; max-height: 1em;"> first publicly listed company to buy Bitcoin as treasury reserve asset. Coming up with a podcast with India’s Michael Saylor <a href="https://twitter.com/ceojetking?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ceojetking</a> <a href="https://t.co/3UzbpaQhxe" rel="noopener noreferrer nofollow">pic.twitter.com/3UzbpaQhxe</a>
 — Kashif Raza (@simplykashif) <a href="https://twitter.com/simplykashif/status/1866122073015230885?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Jetking Infotrain not only diversifies its investment approach but also positions the company at the forefront of financial innovation in the corporate world.
The trend of companies investing in Bitcoin has been gaining momentum, with public companies now holding approximately 2.6% of Bitcoin’s total supply. Leading the corporate investment front is <a href="https://www.ethnews.com/michael-saylor-reaffirms-microstrategy-will-not-sell-its-bitcoin-holdings/" rel="noopener noreferrer nofollow">MicroStrategy</a>, managed by CEO Michael Saylor, which holds over $42 billion in Bitcoin, making it the largest corporate holder globally. 
This substantial investment underscores the growing confidence among businesses in Bitcoin’s value as a long-term asset.
Other prominent U.S. companies, including <a href="https://www.ethnews.com/why-marathon-digital-betting-250m-on-bitcoin-matters-more-than-you-think/" rel="noopener noreferrer nofollow">Marathon Digital</a>, Riot Platforms, Tesla, and Coinbase, are also significant holders of Bitcoin, further cementing its acceptance and integration into corporate America. Additionally, Canadian firms such as Hut 8 Mining and Galaxy Digital are notable players in this arena, ranking within the top 100 global Bitcoin holders.
Outside of North America, Bitcoin Group SE in Germany stands as the top Bitcoin holder, while in Asia, companies like China’s Boyaa Interactive and Japan’s Metaplanet highlight the regional acceptance and investment in Bitcoin despite varying regulatory climates.
Despite India’s <a href="https://www.ethnews.com/india-prepares-for-a-complete-ban-on-bitcoin-as-cbdc-gains-traction/" rel="noopener noreferrer nofollow">historically cautious</a> and sometimes hostile stance towards cryptocurrencies, exemplified by ongoing discussions around potential Bitcoin bans and the focus on a central bank digital currency, 
Jetking Infotrain’s bold move signals a potential shift in perception and adoption strategies within the country.
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The current price of Bitcoin (BTC) is $98,000, reflecting a 0.55% increase. It recently peaked at $103,650 but has retraced, finding support around $98,000, with the market showing resilience near key levels as it approaches $100,000 resistance.
The post <a href="https://www.ethnews.com/bitcoin-gains-ground-in-traditional-business-jetking-infotrain-leads-the-charge-in-india/" rel="noopener noreferrer nofollow">Bitcoin Gains Ground in Traditional Business: Jetking Infotrain Leads the Charge in India</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Bitcoin Gains Ground in Traditional Business: Jetking Infotrain Leads the Charge in India

ETHNews

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