India’s Jetking has made headlines after recently adding Bitcoin to its reserves. This significant move caught the attention of Michael Saylor, Co-Founder and Chairman of Strategy.
About Siddarth Bharwani
Siddarth Bharwani is the Joint Managing Director and CFO of Jetking, marking it as the first publicly traded company in India to adopt Bitcoin. On February 10, 2025, Saylor publicly acknowledged Jetking’s revolutionary move on social media platform X.
“Jetking is India’s first publicly traded company to adopt the Bitcoin Standard. CFO @SidBharwani explains why in the interview below:”
- Michael Saylor⚡️ @saylor February 9, 2025
Jetking’s Bitcoin Strategy
During a recent appearance on the BitcoinHub podcast, Bharwani detailed the reasoning behind integrating Bitcoin into Jetking’s strategy, particularly following the severe impact of COVID-19 on their business.
Bharwani mentioned, “In just a matter of 12 months, a legacy built over almost three decades was closed down, in three months literally.”
To create a more resilient business structure, he began exploring Bitcoin, further aligning with Saylor’s longstanding advocacy for Bitcoin.
Meanwhile, Strategy has resumed Bitcoin acquisitions after a brief hiatus, as detailed in Saylor’s posts
This strategic move by Jetking is not only forward-thinking but resonates strongly with the underlying philosophy of succeeding in the modern financial landscape.
Related Developments
In a recent report, BlackRock increased its stake in Strategy to 5%, signifying growing institutional confidence in Bitcoin and related strategies.
