DigiAsia's Bitcoin Bounce

Indonesia's DigiAsia shares soar 90% after $100M Bitcoin plan. DigiAsia Corp, a fintech firm based in Jakarta, experienced a 90% surge in its stock price after announcing plans to raise $100 million to invest in Bitcoin. By committing up to 50% of net profits to Bitcoin acquisition, the company aims to establish a Bitcoin treasury reserve. Their bold strategy echoes a broader trend, with companies like MicroStrategy leading the way. However, after the initial stock boost, prices tumbled, reminding us of the volatile dance with cryptocurrency.