Debt-free IT Hardware Training Company Raises Funds - But Spends It on Bitcoin, Not Business
On a year-to-date basis, the stock has delivered a 36 per cent return, and in the last 12 months, it has surged by 175 per cent, delivering multibagger returns.
On Friday, Jetking Infotrain Limited saw its share price hit the upper circuit. While one might assume this IT training company secured a major education contract or launched a new course, the reality is a bit different—and, arguably, unexpected. Jetking, a company known for training over 10 lakh students in hardware, networking, and digital courses through 150+ centres across India, Nepal, and Southeast Asia, has taken a rather crypto turn.
The company announced the completion of a preferential allotment of 3,96,156 equity shares at Rs 154 each, raising a total of Rs 6.1 crore. Interestingly, instead of deploying this capital into expanding classrooms, upgrading training modules, or deepening its footprint in IT education, Jetking decided to invest in Bitcoin.
Yes, you read that right—Bitcoins.
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In an intimation to BSE, Jetking disclosed that the funds were used primarily to purchase virtual digital assets. As of March 31, 2025, the company held 15.02 Bitcoins. By May 28, that number rose to 21 Bitcoins, bought at an average price of Rs 64.65 lakhs each, using both the issue proceeds and internal accruals.
With this move, Jetking Infotrain seems to be pivoting from “Training India’s youth in IT” to “Trading Bitcoins from the boardroom.” On a year-to-date basis, the stock has delivered a 36 per cent return, and in the last 12 months, it has surged by 175 per cent, delivering multibagger returns. Whether that's from education or speculation, you decide.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.