Bitcoin Purchase Propels Indian Firm Jetking Stock Price by 94%, Will Other firms Buy BTC?

Jetking Infotrain, India’s first publicly traded company to adopt Bitcoin, has seen its stock price surge substantially as its BTC investment strategy paid off. Reportedly, the company shares have now surged to highs last seen in 2009. Will this motivate other Indian companies to embrace BTC?

Jetking’s Bitcoin Investment Bet Pays off As Stock price Skyrockets

Significantly, India’s IT company Jetking Infotrain adopted Bitcoin as its primary treasury reserve asset in December 2024. Since then, the company has actively purchased Bitcoin, exhibiting its renewed approach to financial policies.

According to Jetking CFO Siddarth Bharwani, the company made its latest BTC purchase in May 2025. On May 28, the company bought 5.98 BTC for $ 617,143, at $ 110,975 per BTC. Bharwani revealed that the company’s Bitcoin holdings have yielded a return of 31.05% year-to-date (YTD) in 2025. As of May 28, the IT company holds 21 bitcoins acquired at an average purchase price of $75,291, valued at $15.8 million.

Jetking has acquired 5.98 BTC for $ 617,143 at ~$ 110,975 per bitcoin and has achieved BTC Yield of 31.05% YTD 2025. As of 28/05/2025, we hodl 21 BTC acquired for ~$1.59 million at ~$75,081 per bitcoin.

Building blocks! pic.twitter.com/b2MGM3quHs

— Siddarth ₿harwani (@sidbharwani) May 28, 2025

Jetking’s Bitcoin adoption and subsequent growth are particularly notable, as discussions are currently underway about establishing a Bitcoin reserve in India. Recently, CoinGape reported that a spokesperson for India’s ruling party highlighted the potential benefits of adopting a BTC reserve.

Since implementing its Bitcoin investment strategy, Jetking’s stock has experienced a remarkable surge, driving notable gains. As per Google Finance data, the Jetking stock price is currently at 201.10 INR, marking a notable surge of 1.98% over the past day. Over the past 5 days and 30 days, the shares have seen remarkable increases of 10.5% and 33.8%, respectively. Over the past six months, Jetking’s stock has surged an impressive 94% following its Bitcoin acquisition strategy.

Crypto Regulation Uncertainty Holds Back BTC Investments

Despite companies like Jetking embracing cryptocurrencies, India’s lack of clear crypto regulation is holding other companies back. In March 2025, the Supreme Court of India likened Bitcoin trading in the country to ‘a refined form of Hawala business,’ expressing frustration that the government had yet to establish a clear regulatory framework for virtual currencies.

Later in May, Justices Surya Kant and Kotiswar Singh expressed concerns during a hearing about the absence of a legal framework for crypto, urging the government to do the needful. However, the country still lacks clear regulatory guidelines that hinder individuals and institutions from adopting Bitcoin.

Interestingly, Jetking’s strategic BTC accumulation and its stock’s subsequent growth are poised to attract other public companies to invest in crypto. If India introduces a crypto-friendly environment, the country would be an ideal location for Bitcoin mining due to its vast energy resources.