Jetking Leads as India’s First Public Firm Embracing Bitcoin

• Jetking is India’s first public firm to adopt Bitcoin.
• Bitcoin’s price rises from $95,000 to $97,076 following the news.

Jetking is the first publicly traded Indian company that has adopted the Bitcoin Standard and set it forth for further corporate crypto adoption. When the February 9, 2025-issued news was recently released to the media by CFO Siddarth Bharwani, the market reacted immediately with the increase in Bitcoin price, from the former value of $95,000 to a new value of $97,076.

According to Bharwani, Bitcoin is not only a speculative asset but a basic instrument for financial resilience. He stated that MicroStrategy’s strategy inspired Jetking’s decision. He emphasized that the company had a long-term plan to incorporate Bitcoin into its corporate treasury.

Jetking’s Bitcoin Move Signals Shift in India’s Corporate Finance

MicroStrategy’s CEO and a prominent advocate of institutional Bitcoin adoption, Michael Saylor, welcomed the decision made by Jetking to do so. Saylor believes that Jetking is following the same playbook that has enabled MicroStrategy to position the core financial asset as a component of its enterprise capital structure. He thinks it will improve the company’s financial strength and will drag more Indian corporations onto their bandwagon.

The markets quickly reacted to the news, driving a surge in Bitcoin’s price. Major exchanges also experienced high trading activity as investors responded to the development. Volume on Binance and Coinbase hiked up by 20% in a matter of hours as more than 35,000 BTC was traded, while the highest crypto exchange in India, WazirX, saw an upsurge of 15% in its Bitcoin transactions which indicated increasing interest in corporate Bitcoin adoption.

Saylor stated that Jetking’s move marked a defining moment for the Indian financial sector. He emphasized that the country is gradually advancing to a new level in its financial sector. Bitcoin is no longer just a trading asset but is becoming a sound financial instrument for corporations.

This development will set a precedent for other Indian companies. Institutional leaders are beginning to recognize Bitcoin’s potential as a strategic reserve asset. While the Indian government remains cautious about digital assets, Jetking’s move toward Bitcoin signals a shift in corporate finance. This trend suggests a growing acceptance of cryptocurrencies in mainstream business strategies.

As more businesses consider Bitcoin for financial stability, this move could reshape India’s crypto landscape and encourage broader institutional adoption in the coming years.