TechFlame reported that on July 21, Jetking, India's first listed company to adopt the Bitcoin standard, announced that its board of directors has approved a plan to issue targeted additional shares with the aim of expanding its Bitcoin reserve operations. The plan will issue 460,000 shares to selected non-sponsors at a price of 250 rupees per share (face value of 10 rupees+premium of 240 rupees), with a total financing scale of 1,150 billion rupees. The funds raised will be used in three areas: the acquisition of Bitcoin, general corporate use, and Bitcoin education, training and skills development. The plan complies with India's Securities and Exchange Commission (SEBI) regulations in 2018 and the Companies Act 2013, and is subject to shareholder and regulatory approval. The company's management will

remain the same, but the shareholding structure may be adjusted.