Online reported that the share price of Indonesian financial technology company DigiAsia Corp nearly doubled after the company said it planned to raise US$100 million to launch its first bitcoin purchase program. The Jakarta-based and NASDAQ-listed company said on May 19 that its board of directors approved the creation of a Bitcoin (BTC)"reserve vault" and promised to "use up to 50% of any net proceeds to fund Bitcoin purchases." DigiAsia also said the company is "actively considering raising up to US$100 million" to launch its Bitcoin holding program and plans to generate income from its holdings through borrowing and pledging.