Jetking raises funds but spends it on Bitcoin, not business
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.