DigiAsia announces a $100 million Bitcoin investment plan, with stock prices rising 90% in a single day.

On May 20, according to Cointelegraph, Indonesian financial technology company DigiAsia announced a $100 million Bitcoin investment plan, with its board approving the establishment of a Bitcoin reserve, committing to use 50% of its net profits to purchase BTC, and planning to raise $100 million as startup capital through convertible bonds or encryption financial instruments. DigiAsia's stock FAAS surged 91% to $0.36 at the close of the day, before falling back 22% in after-hours trading.

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