According to Foresight News, DigiAsia Corp (NASDAQ: FAAS) has announced that its board of directors has approved a strategy to establish a Bitcoin (BTC) reserve. The company plans to allocate 50% of its net profits towards purchasing BTC. Additionally, DigiAsia aims to raise up to $100 million to build its BTC reserves and implement a cryptocurrency yield strategy.
The corporation has engaged in discussions with regulated partners regarding the management of BTC reserves and yield strategies. The proposed approach includes optimizing returns through institutional lending and staking solutions.