Jetking Becomes First Indian Corporation to Adopt Bitcoin Standard

• Jetking is the first Indian corporation to adopt the Bitcoin Standard, aligning with global institutional trends.
• Bitcoin’s price surged from $95,000 to $97,500, with trading volumes spiking on major exchanges like Binance, Coinbase, and WazirX.
• Jetking’s move may encourage other Indian corporations to integrate Bitcoin into their financial strategies despite regulatory caution.

Jetking has become the first publicly traded Indian corporation to implement the Bitcoin Standard in the Indian corporate sector. The choice establishes an important financial development stage in India’s marketplace because the adoption of Bitcoin by institutions is currently increasing sharply. The shift at the company supports an international industry movement that showcases businesses adopting Bitcoin into their financial operations.

Jetking’s Official Announcement

On February 9, 2025, Jetking’s Chief Financial Officer, Siddarth Bharwani, confirmed the company’s transition to the Bitcoin Standard during an interview with MicroStrategy’s Michael Saylor.

Bharwani stated that Bitcoin serves as more than a speculative asset, emphasizing its role in building financial resilience. He acknowledged that MicroStrategy’s corporate Bitcoin strategy influenced Jetking’s decision, referencing its success in managing treasury assets.

Michael Saylor, known for advocating corporate Bitcoin adoption, praised Jetking’s move. He described it as a forward-thinking decision that mirrors MicroStrategy’s approach. Saylor emphasized that Bitcoin functions as a strategic financial instrument rather than just a trading asset. He noted that India’s financial sector is evolving, with corporations recognizing Bitcoin’s potential in treasury management.

Market Reaction to Jetking’s Bitcoin Adoption

Following Jetking’s announcement, Bitcoin’s price increased from $95,000 to $97,500 within an hour. Investor confidence contributed to the surge, reflecting growing institutional interest in Bitcoin. 

Consecutive trading volume on many exchanges rose, including Binance and Coinbase, which observed a 20% rise. There were movements like the transfer of more than 35 thousand BTCs within several hours of trading, indicating the upsurges. WazirX, the largest cross-platform in India to trade in Bitcoin, has posted an increase of 15% in the trading of this virtual currency – which is a clear sign of positive market sentiment.
Jetking’s decision could influence other publicly listed companies in India to consider Bitcoin as a reserve asset. While the Indian government remains cautious about digital assets, corporate leaders are gradually incorporating Bitcoin into financial strategies. The development indicates a shift toward integrating digital assets into mainstream corporate finance.