New Delhi, May 29 -- In the rare instance of the world of crypto investing intersecting with Dalal Street, a little-known micro-cap company - Jetking Infotrain - used the funds it raised from stock market investors to buy bitcoins.

Jetking Infotrain informed the exchanges on May 28 that the Rs.6 crore it raised through a preferential issue has been utilised to buy the world's largest crypto token, Bitcoin.

As part of its fundraising plan, the micro-cap firm, having a market capitalisation of just Rs.79 crore, raised Rs.6.10 crore via allotment of 3,96,156 equity shares at a price of Rs.154 each.

The company stated that the capital raised was used to acquire virtual digital assets (i.e., Bitcoin), in line with the approved objectives of...