DV8 Acquires Rakkar Digital: Entering Licensed Digital Asset Custody
Thailand-listed DV8 (SET: DV8) has signed a Share Purchase Agreement to acquire Rakkar Digital, a licensed digital asset custodian in the country. This move represents DV8’s first direct entry into regulated digital asset operations and marks a strategic pivot toward building infrastructure that institutional investors can rely on across Asia.
According to a note shared with Bitcoin Magazine, Rakkar Digital, with over $700 million in assets under custody, was established as a joint venture between SCBX, the parent company of Siam Commercial Bank, and Fireblocks, a global digital asset infrastructure provider. Early backing from SCB 10X helped lay the foundation for its growth. For DV8, Rakkar Digital’s regulatory standing, operational framework, and trust among institutional clients made it a natural fit.
Custody lies at the heart of any institutional-grade digital asset strategy. It demands licensing, compliance, security expertise, and constant engagement with regulators. By acquiring Rakkar Digital, DV8 gained a platform already meeting those standards, giving the company a firm foothold in Asia’s evolving digital asset ecosystem.
From Media Company to Digital Asset Infrastructure Builder: DV8's Transformation
This deal follows DV8’s September 2025 investment in Bitplanet, a Korean digital asset treasury platform. Taken together, these steps illustrate a consistent approach: backing regulated, resilient businesses that enhance DV8’s ability to operate across borders while meeting institutional expectations. DV8 was originally a media company but is now transforming into a builder of regulated digital asset infrastructure, the company said.
DV8 sees these moves as the foundation for building institutional-grade digital asset services. By integrating compliant custody, treasury management, and cross-border channels, DV8 aims to become a key gateway for institutional investors in Asia to access the digital asset space.
Corporate Bitcoin Treasury Strategy: The MicroStrategy Model and Its Implications
Over the last five years, Bitcoin has become an increasingly popular treasury reserve asset for traditional finance companies. Strategy (formerly MicroStrategy, ticker MSTR) has become the flagship case study in the evolution of bitcoin treasury strategies. Under Michael Saylor’s leadership, Strategy shifted from a traditional software business to a firm whose primary reserve asset is Bitcoin, pioneering a model where BTC sits at the heart of corporate balance sheet strategy.
Strategy uses capital markets to finance its BTC accumulation. Instead of hoarding cash or traditional securities, Strategy has consistently issued equity and convertible debt to fund Bitcoin purchases, aiming to maximize its “BTC per share” metric and align shareholder value with long‑term BTC appreciation. This model has inspired other corporations like DV8 to consider adding bitcoin to their treasuries. At the time of writing, Bitcoin is trading slightly below $70,000 after flirting with $71,000 earlier this morning.