{"id":12349,"date":"2025-02-10T20:46:54","date_gmt":"2025-02-10T20:46:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12349"},"modified":"2025-02-10T20:46:54","modified_gmt":"2025-02-10T20:46:54","slug":"who-is-siddarth-bharwani-and-why-is-michael-saylor-promoting-an-indian-companys-bitcoin-strategy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12349","title":{"rendered":"Who Is Siddarth Bharwani? And Why Is Michael Saylor Promoting An Indian Company\u2019s Bitcoin Strategy?"},"content":{"rendered":"<div>\n<p>India\u2019s Jetking recently added Bitcoin to its reserves very recently. And the move got the attention of Strategy Co-Founder and Chairman Michael Saylor.<\/p>\n<p>Siddarth Bharwani is the Joint Managing Director and CFO of Jetking, first publicly listed company in India to embrace Bitcoin.<\/p>\n<p>Today, 10 February 2025, Saylor posted about Jetking\u2019s Bitcoin move on X.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Jetking is India\u2019s first publicly traded company to adopt the Bitcoin Standard. CFO <a href=\"https:\/\/twitter.com\/sidbharwani?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@SidBharwani<\/a> of <a href=\"https:\/\/twitter.com\/JetkingLtd?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@JetkingLtd<\/a> explains why in the interview below:<\/p>\n<p>Timecodes:<br \/>00:00 \u2013 Intro<br \/>01:53 \u2013 The story of Jetking; Who is Siddarth Bharwani?<br \/>04:47 \u2013 Why adopt Bitcoin for Jetking\u2019s balance\u2026 <a href=\"https:\/\/t.co\/ZvyToehiMx\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/ZvyToehiMx<\/a><\/p>\n<p>\u2014 Michael Saylor<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1888665754406396177?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/india-reconsiders-crypto-regulations-as-global-adoption-reaches-overton-window\/\" rel=\"bookmark\">India Reconsiders Crypto Regulations, But Budget 2025 Disappoints Crypto Industry<\/a><\/strong><\/p>\n<h2>Jetking\u2019s Choice Is Consistent With Saylor And Strategy\u2019s Approach<\/h2>\n<p>In a <a href=\"https:\/\/www.youtube.com\/watch?v=AQqXRP7eZ9I\" target=\"_blank\" rel=\"nofollow\">BitcoinHub podcast<\/a> released on 7 February 2025, Bharwani was asked about why he made the decision to include Bitcoin in Jetking\u2019s portfolio. According to Bharwani, w<span style=\"font-weight: 400\">hen Covid came in 2020, almost 75% of the business had to shut down. <\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIn just a matter of 12 months,\u00a0 a legacy built over almost three decades was closed down, in three months literally,\u201d he said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To make the business \u201cbulletproof\u201d and to secure the future of the company, Bharwani started toying around with Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Jetking\u2019s choice is consistent with the approach of Strategy (MicroStrategy), the US-registered company led by Saylor, a longtime supporter of Bitcoin.<\/span><\/p>\n<p>Meanwhile, Strategy announced resuming Bitcoin purchases after a week-long pause. <a href=\"https:\/\/twitter.com\/saylor\/status\/1888933096424177829\" target=\"_blank\" rel=\"nofollow\">In a post on X<\/a>, Saylor said that they acquired approximately 7,633 Bitcoin, valued at around $742 million.<\/p>\n<p><span data-preserver-spaces=\"true\">In its <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/assets.contentstack.io\/v3\/assets\/bltf8d808d9b8cebd37\/blt368a52561cca7449\/67a3dfb0ecc9d726f4414e72\/strategy-announces-fourth-quarter-2024-financial-results-presentation.pdf\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">5 February 2025 earnings report<\/span><\/a><span data-preserver-spaces=\"true\">, Strategy disclosed $120.7 million in revenue, a 3% decline year-over-year, missing analyst expectations by approximately $2 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The firm attributed its massive Q4 expenses\u2014which surged nearly 700% to $1.1 billion\u2014to the execution of its \u201c21\/21 Plan,\u201d an ambitious initiative aimed at raising $42 billion in capital over three years to fuel its Bitcoin accumulation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Importantly, according to Strategy, $20 billion of this capital plan has already been secured.<\/span><\/p>\n<h1 class=\"page-title\">BlackRock Raises Stake In Strategy To 5%<\/h1>\n<p>An <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1050446\/000201238325001594\/xslSCHEDULE_13G_X01\/primary_doc.xml\" target=\"_blank\" rel=\"nofollow noopener nofollow\">SEC filing<\/a>\u00a0revealed that Blackrock has also raised its stake in Strategy, formerly MicroStrategy, to 5%.<\/p>\n<p>As of 6 February 2025, the firm holds approximately 11.2 million shares. This went up from 4.09% in September 2024.<\/p>\n<p>Following the disclosure, Strategy\u2019s stock rose 2.8% in pre-market trading, reaching $331.90 per share.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/blackrock-set-to-launch-bitcoin-linked-etp-in-europe-raises-stake-in-strategy-to-5\/\" rel=\"bookmark\">BlackRock Set To Launch Bitcoin-Linked ETP In Europe: Raises Stake In Strategy To 5%<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/who-is-siddarth-bharwani-and-why-is-michael-saylor-promoting-an-indian-companys-bitcoin-strategy\/\">Who Is Siddarth Bharwani? And Why Is Michael Saylor Promoting An Indian Company\u2019s Bitcoin Strategy?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Jetking recently added Bitcoin to its reserves very recently. And the move got the attention of Strategy Co-Founder and Chairman Michael Saylor. Siddarth Bharwani is the Joint Managing Director and CFO of Jetking, first publicly listed company in India to embrace Bitcoin. Today, 10 February 2025, Saylor posted about Jetking\u2019s Bitcoin move on X. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12349","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12349"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12349\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}