DigiAsia signs $3 million debt deal to fund initial bitcoin purchases

NEW YORK - DigiAsia Corp (NASDAQ:FAAS), a fintech company with a market capitalization of $34.35 million and currently trading at $0.57 per share, has signed an indicative termsheet with High West Capital Partners for up to $3 million in non-recourse debt financing to support its initial Bitcoin acquisition strategy, according to a press release statement issued Monday. InvestingPro data shows the company’s stock has experienced significant volatility, with an 8.68% decline in the past week.

The transaction is expected to close within 45 days, subject to final documentation and customary closing conditions. The non-recourse structure will allow the Southeast Asian fintech platform to begin accumulating Bitcoin without equity dilution. According to InvestingPro’s financial health assessment, the company currently shows a weak overall score of 1.16, suggesting careful monitoring of its strategic initiatives may be warranted.

This financing represents the first step in DigiAsia’s previously announced $100 million Bitcoin treasury strategy from May 19, 2025. The company is simultaneously pursuing a $100 million equity raise dedicated specifically for long-term Bitcoin holdings, working with placement agent D. Boral Capital to engage institutional investors.

"This facility reflects disciplined execution and early momentum toward our digital asset reserve vision," said Prashant Gokarn, Co-CEO of DigiAsia Corp, in the statement.

The company plans to initiate Bitcoin purchases in the third quarter of 2025, with additional updates on treasury operations and custody architecture expected in the coming weeks.

DigiAsia Corp operates as a Fintech-as-a-Service platform across Southeast Asia, India, and the Middle East, providing digital banking and embedded finance services through its API model.

The debt financing agreement remains subject to due diligence and final documentation before completion.

In other recent news, DigiAsia Corp. has announced plans to raise $100 million to establish a Bitcoin treasury reserve. This initiative, facilitated by D. Boral Capital, aims to transform DigiAsia’s treasury operations through digital assets, with Bitcoin acquisitions expected to begin in Q3 2025. As part of its broader strategy, DigiAsia will allocate up to 50% of its future profits to cryptocurrency investments, diversifying its assets in line with Southeast Asia’s expanding digital economy. The company is partnering with key Southeast Asian cryptocurrency exchanges to integrate crypto payment options and wallet services within its financial ecosystem. This move positions DigiAsia as a leader among NASDAQ-listed firms in corporate Bitcoin adoption. Additionally, the company is in the final phase of selecting an investment bank to guide this capital raise, with plans to appoint a lead advisor soon. DigiAsia’s strategy includes equity-linked offerings and convertible note structures to support long-term Bitcoin holdings. These developments reflect DigiAsia’s commitment to leveraging digital assets for strategic resilience and growth-oriented returns.

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