đŸ”„ The Bold Pivot

Jetking Infotrain once India’s electronics giant making radios & TVs just became the first Indian public company to adopt #Bitcoin as its primary treasury asset. Facing near collapse during COVID, they ditched cash, raised â‚č6.1 CR ($730K) via shares, and bought 21 BTC (aiming for 210 by 2025). Their stock surged 141% overnight 📈 .

💣 Tax Warfare

India slams crypto with a 30% profit tax + 1% TDS yet Jetking’s playing 4D chess:

→ “NEVER SELL” strategy: Holdings marked as “revaluation reserves,” avoiding taxable events .

→ Pushing for graded capital gains tax (based on holding period) and loss carry forwards .

🔐 Regulatory Tightrope

The RBI frets over crypto enabling hawala networks (illegal cross border cash). Jetking’s counter move:

→ Institutional custodians only: All BTC bought via FIU registered exchanges, locked in KYC/AML compliant vaults .

→ Publicly demanding GST exemptions for treasury reserves (not payments) .

🌍 Global Echoes

Jetking mirrors MicroStrategy’s playbook (holding 553,555 BTC worth $53B) but in India’s hostile terrain. Why it’s revolutionary:

→ 26% of their market cap is now Bitcoin .

→ Luring young investors who’d never touch a 77 year old stock .

⚠ Dark Clouds

Chainalysis reports $51B in crypto crime (2024) mostly scams, hacks, and sanctioned entities using stablecoins. North Korea stole $1.34B via crypto hacks đŸ˜± . Jetking’s compliance first stance is a shield
 for now.

🔼 Predictions & Powder Kegs

→ Regulatory U-turn? India’s election pressure could force tax reforms. If graded capital gains pass, corporate BTC adoption explodes.

→ Domino effect: If Jetking’s stock holds, BSE/NSE giants may follow.

→ Crash risk: XRP teeters near $1.55 (-25% drop); if BTC follows, Jetking’s reserves bleed .

💎 Truth Bomb

Jetking isn’t just holding Bitcoin it’s orange pilling the stock market. In a nation where crypto = “high risk,” they’ve turned a legacy brand into a crypto liquidity magnet. Will India wake up? 🌅

(Sources: MrXLove đŸ€–đŸ‘ˆđŸ‘‰đŸ‘œ, Coinpedia, YourStory, Chainalysis, CCN)

#Bitcoin #India #CryptoRevolution #Jetking #MicroStrategy #Blockchain