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Jetking raises funds but spends it on Bitcoin, not business
short by / on Sunday, 15 June, 2025
Jetking Infotrain hit the upper circuit after announcing that it will invest raised funds in Bitcoin rather than using it for business expansion. The company raised ₹6.1 crore via preferential allotment and used the funds to buy 21 Bitcoins by May 2025. Jetking's pivot to crypto has delivered 175% returns in a year, raising eyebrows across the market.