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India's IT training company Jetking's CFO reiterates Bitcoin reserve strategy, aiming to hold 18,000 coins by 2030

According to FinanceFeeds, Siddarth Bharwani, Joint Managing Director and Chief Financial Officer of Indian IT vocational training company Jetking Infotrain, stated on February 22 at the "Corporate Bitcoin" event in Las Vegas that the company will firmly advance its Bitcoin-based strategy.Jetking launched its Bitcoin reserve plan at the end of 2024, becoming the first listed company in India to list Bitcoin as a primary reserve asset. It currently holds 21 Bitcoins, valued at approximately $1.4 million, accounting for more than a quarter of the company's total market capitalization. Bharwani stated that this move aims to hedge against the long-term depreciation risk of the Indian Rupee, using Michael Saylor and Strategy as a strategic blueprint. The company's goal is to accumulate 210 Bitcoins by the end of 2026 and expand its holdings to 18,000 Bitcoins by 2030.On the regulatory front, the Bombay Stock Exchange (BSE) recently rejected Jetking's proposal to issue new shares for cryptocurrency investment purposes, citing a lack of a clear framework. However, Bharwani stated that the company is actively responding and views the current resistance as a "regulatory arbitrage opportunity" for early entrants.In addition to balance sheet management, Jetking is also incorporating Bitcoin and blockchain education into its vocational training programs. With over 100 training centers, the company trains 35,000 students annually, aiming to create a "Bitcoin learning ecosystem."Bharwani noted that as the ruling party in India begins discussions on a potential national Bitcoin strategic reserve, Jetking's exploratory practices are expected to provide a reference for the entire Asia-Pacific region.

SBF's approximately $1 billion in financial assets and two private jets have been seized by the U.S. District Court for the Southern District of New York

ChainCatcher news, according to CoinDesk, the U.S. federal court detailed the scale of assets owned by SBF before being tried and imprisoned for fraud, as well as how the U.S. government swiftly intervened to seize approximately $1 billion in financial assets and two aircraft.The final forfeiture order issued by the U.S. District Court for the Southern District of New York on Tuesday formally stripped SBF of ownership of all assets listed in a lengthy property list. Alameda's assets on Binance include: $56 million in XRP, $3.6 million in TRX, $3.4 million in ADA, $2.3 million in BTC, and dozens of other tokens.The most significant asset is the proceeds from the sale of Robinhood stock—$606 million held by SBF's Emergent Fidelity Technologies.Other financial assets include:119 million USDT held by Alameda Research on Binance;$21 million held by Emergent Fidelity Technologies at Marex;$50 million held by FTX Digital Markets at Moonstone Bank;$101 million held by FTX Digital Markets at Silvergate;$7 million held by SBF and another individual at Flagstar Bank.The list of seized assets also includes two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.Court documents also detailed over 250 political donations that have been withdrawn from the campaigns and organizations of the recipients, including amounts donated by FTX executives at SBF's direction.
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