IT education provider Jetking Infotrain Ltd. has raised ₹11.5 crore (approx $1.38 million USD) through a preferential allotment of equity shares, earmarking the capital for expanding its Bitcoin holdings and blockchain-focused training programs.
The issuance involved the allotment of 460,000 equity shares at a price of ₹250 per share. This strategic capital infusion follows a previous equity raise of ₹6.6 crore completed just months earlier, demonstrating significant ongoing investment into the cryptocurrency sector.
The funds are designated to strengthen the company’s Bitcoin assets and further develop its blockchain and digital finance skilling initiatives. This move builds upon Jetking’s prior acquisition of 12 Bitcoins, reflecting its strategy to diversify assets and capitalize on the cryptocurrency’s market position.
Notably, the preferential share issue has attracted new non-promoter investors, adding external backing aligned with the company’s digital asset focus. Jetking aims to leverage Bitcoin’s market presence and establish a larger, skilled workforce proficient in blockchain technology and digital financial systems through this growth initiative.