Nasdaq-Listed DigiAsia Plans to Raise $100M for Bitcoin Buys

DigiAsia Corp (FAAS) plans to raise up to $100 million to seed a bitcoin treasury reserve (BTC), joining a growing list of publicly traded companies looking to diversify their corporate balance sheets with bitcoin.The announcement on Monday (which emphasized plans rather than executed actions) helped push DigiAsia’s shares up 91% during regular trading to 36 cents, before pulling back 22% after hours. The stock is still down more than 50% year-to-date.The company said its board had approved a strategy to allocate up to 50% of future net profits toward BTC purchases and was “actively exploring” a capital raise of up to $100 million, according to a press release source: https://www.coindesk.com/markets/2025/05/20/nasdaq-listed-digiasia-plans-to-raise-100m-for-bitcoin-buys