Michael Saylor, the Bitcoin advocate and driving force behind Strategy’s Bitcoin strategy, is now shining a spotlight on Jetking, an Indian company that has just made a historic move.
Jetking has become the first publicly listed company in India to embrace the Bitcoin Standard, drawing attention from the global financial world. This major decision, led by Jetking’s CFO Siddarth Bharwani, was discussed in an interview with BitcoinHub, where they explored the company’s decision to integrate Bitcoin into its financial strategy.
When the news broke on February 9, 2025, it created a massive stir in the markets. Bitcoin’s price quickly jumped from $95,200 to $97,700 in just one hour. On popular trading platforms like Binance and Coinbase, trading volume surged by 20%, with 35,000 BTC changing hands in just two hours.
In India, local exchanges like WazirX also saw a 15% increase in Bitcoin trading, with more than 1,200 BTC traded in no time. And the excitement wasn’t just about Bitcoin; Ethereum and other major cryptocurrencies saw a 5% price increase as well, showing a broader wave of optimism.
The decision by Jetking echoes the strategy of MicroStrategy, the U.S.-registered firm under the stewardship of Saylor, who has been a long-time Bitcoin proponent. Refuting the concerns of Bitcoin’s aggressive volatile nature, regulatory bottlenecks, etc. Siddharth justified Jetking’s move by saying that they see Bitcoin as a long-term asset that will enable the company to shape up financially resilient over a period of time.
Also Read: BlackRock Increases Stake in Michael Saylor’s Strategy to 5%
