Jetking Infotrain, a 77-year-old IT school from Mumbai, has done something no other public company in India has dared to do – It went all-in on Bitcoin. The move left market watchers scratching their heads, as the company decided to build a corporate treasury filled with cryptocurrency.
This pivot away from its traditional business lit a fire under its stock, with the same shooting up by 135% in about three months. In fact, for 13 straight days in July 2025, trading was halted as it hit its daily maximum gains.
By betting on Bitcoin, Jetking has chained its future to the turbulent crypto market and completely changed how investors must look at it.
What a 135% jump looks like
Investors scrambled for a piece of Jetking once its crypto plans went public. The stock simply took off, delivering a one-year return over 300% and hitting a new 52-week peak. The buying frenzy pushed its total value to roughly ₹139 crore (about $18 million), a surge driven almost entirely by its decision to use Bitcoin as its main reserve cash.
Source: Screener
The company started small in late 2024, buying just 12 BTC. However, it quickly ramped up its efforts by raising more cash. It sold new shares for ₹154 each to raise ₹6.10 crore (around $730,000), telling investors the money was earmarked for more Bitcoin. Then, in July 2025, the board went bigger, planning another share sale to get ₹11.5 crore (about $1.34 million) for even more Bitcoin and to kickstart new courses on blockchain technology.
By the end of May 2025, its stash had grown to 21 BTC.At one point, the value of the company’s Bitcoin holdings made up more than a quarter of its entire market capitalization.
Why bet the farm on Bitcoin?
To get why Jetking took such a wild turn, you have to look at what it was before the crypto hype. Born in 1947, the company spent decades teaching people computer and tech skills. However, its latest financial reports showed a business that was barely treading water.
In the quarter that ended in March 2024, Jetking was losing money, reporting a net loss of ₹1.30 crore even as its sales crept up. This wasn’t a one-off problem either as the the company was consistently in the red. The old business model, while bringing in some cash, just wasn’t cutting it.
So, diving into Bitcoin looks like a desperate Hail Mary from leadership to juice the stock price in a way its core operations never could.
Not a new idea, just a new location
Jetking isn’t breaking new ground here, they’re just copying a strategy from abroad. The idea of a “Bitcoin Treasury Company” is to park a big chunk of corporate cash into Bitcoin to protect against inflation and shaky currencies.
An American software company, Strategy (once MicroStrategy), wrote the book on this approach. Others like Tesla, GameStop, and the Japanese firm Metaplanet have followed suit. They all use a mix of stock sales and debt to constantly buy more Bitcoin, giving their shareholders a high-risk, high-reward stake in the cryptocurrency.
Jetking’s own CFO, Siddarth Bharwani, admitted they are following this global playbook, pointing to MicroStrategy’s success as a model.
Ghosts of pivots past
While the stock’s initial pop brought cheers, history offers a graveyard of failed experiments for investors who chase this kind of excitement. The world of crypto is filled with small companies that tried a similar trick only to watch their stocks collapse when the buzz died down.
Anyone watching this should remember the Long Island Iced Tea Corp. Its stock jumped almost 500% in 2017 when it renamed itself “Long Blockchain Corp.” The change was all for show; the company never made real money from blockchain, got booted from the stock exchange, and its value evaporated. Even a famous name like Eastman Kodak got swept up in the craze in 2018, launching a “KODAKCoin” and a new platform.
The news caused the stock to triple, but the project fizzled out, doing nothing to fix the company’s deep-seated problems.
These stories show a familiar arc – A media-fueled spike gives way to a harsh reality check when the company can’t build a real business in a field it knows nothing about. People are now wondering if Jetking is different or just the next speculative bubble waiting to burst.
Swapping old problems for new dangers
By making Bitcoin its main asset, Jetking has traded its business-school problems for a whole new set of casino-sized risks.
Bitcoin’s wild price swings are the most glaring threat. A sudden crash could gut Jetking’s balance sheet and erase all the recent stock gains. Weird accounting rules might also force the company to report big losses on paper when Bitcoin’s price falls, even if it hasn’t sold anything.
Then there’s the government. India’s rules for crypto are still a gray area. A lack of clear laws for companies holding digital assets could bring a world of regulatory pain down the road. Finally, holding a fortune in crypto makes you a huge target for hackers. One bad security mistake could mean losing everything, a danger that requires deep expertise in digital security.
Jetking has grabbed everyone’s attention with its high-wire crypto act, and early investors are thrilled. However, the company is no longer just an IT school. It’s a high-stakes bet on Bitcoin, plain and simple.
Whether that bet makes it a genius or a casualty is a story the crypto market will write.
