PANews reported on April 2 that Next Layer Capital tweeted on the X platform that Indian listed company Jetking plans to raise $780,000 to further purchase Bitcoin.

On-chain detective ZachXBT commented that Jetking’s market value is only about $6.6 million, questioning the actual impact of its announcement on the market.

As reported last year, Jetking Ltd became the first listed company in India to adopt a Bitcoin treasury strategy .