According to online reports, Jetking, India's first listed company to adopt Bitcoin standards, announced that its board of directors has approved a private placement plan to expand its Bitcoin reserve operations. The plan will issue 460,000 shares to specific non-sponsors at a price of Rs 250 per share (face value of Rs 10 + premium of Rs 240), with a total financing scale of Rs 1.150 billion. The funds raised will be used for three purposes: the acquisition of Bitcoin, general corporate purposes, and Bitcoin education training and skills development. The plan is in compliance with the Securities and Exchange Board of India (SEBI) regulations 2018 and the Companies Act 2013 and is subject to shareholder and regulatory approval. The company's management will remain unchanged, but the shareholding structure may be adjusted.