2024

Bitcoin

when

Reserve

<h4><strong>The Indian business focuses on IT training. It has become the first public company in India to adopt a <a href="https://www.altcoinbuzz.io/?s=Bitcoin+Treasury" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Treasury</a> Strategy.</strong></h4>
<p>For a company with a $5 million market cap and $2 million in yearly sales, this is like a David versus Goliath story. Jetking is stepping into Bitcoin in a way that even much bigger companies haven’t tried in India.</p>
<h5><strong>What Does This Mean?</strong></h5>
<p>When a company adopts a Bitcoin Treasury Strategy, it means it holds Bitcoin instead of relying mostly on cash or other traditional assets. This can help protect the company from the ups and downs of inflation or local currency changes.</p>
<p>Jetking’s leaders believe Bitcoin is the way of the future. They’re betting that as Bitcoin becomes more popular and valuable, it will strengthen the company’s financial foundation.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Jetking Infotrain, a 77-year-old Indian company with a $5M mkt cap &amp; $2M in annual sales, has become the first pubco in India to adopt the Bitcoin Treasury Strategy.</p>
 <p>The microcap says that BTC will be the Primary Treasury Reserve Asset. <a href="https://t.co/hMmPIvWgVQ" rel="noopener noreferrer nofollow">pic.twitter.com/hMmPIvWgVQ</a></p>
 <p>— matthew sigel, recovering CFA (@matthew_sigel) <a href="https://twitter.com/matthew_sigel/status/1866121318577385626?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>India has been cautious about cryptocurrency, with government regulations often creating uncertainty. Jetking’s decision to embrace Bitcoin isn’t just a business move; it’s a bold statement. They’re saying, “We trust Bitcoin,” even when others might still be sitting on the fence.</p>
<h5><strong>More About Bitcoin Reserve in Other Countries</strong></h5>
<p>According to Cointelegraph, the U.S. Treasury has announced plans to invest $76 billion in BTC over the next five years. This bold move positions BTC as a key part of the nation’s financial strategy. This aims to protect against inflation and economic instability.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> EXPLAINED: The proposed U.S. Bitcoin strategic reserve</p>
 <p>The US Treasury plans to invest $76B in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> over five years, positioning it as a long-term hedge against inflation and economic instability. <a href="https://t.co/D2xLikXLRT" rel="noopener noreferrer nofollow">pic.twitter.com/D2xLikXLRT</a></p>
 <p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1866304374441386185?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 10, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>By using BTC as a long-term hedge, the Treasury shows confidence in its value and stability during uncertain times. This move could boost BTC adoption in the U.S. and globally as a trusted alternative to traditional finance.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/indian-firm-jetking-makes-bitcoin-its-treasury-asset/" rel="noopener noreferrer nofollow">Indian Firm Jetking Makes Bitcoin Its Treasury Asset</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Indian Firm Jetking Makes Bitcoin Its Treasury Asset

Altcoin Buzz

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