Small Stocks, But Explosive: These 10 Firms Crushed The Market Last Week

6. DigiAsia Corp. (NASDAQ:FAAS)

DigiAsia Corp. saw its share prices jump by 102 percent week-on-week as investors snapped up shares in the company in a bid to push its stock price back to the $1 level to prevent the risk of forced delisting.

In December last year, DigiAsia Corp. (NASDAQ:FAAS) announced that it received a letter from the Nasdaq notifying the company of its failure to meet its minimum bid price requirement of $1, having hovered below the said amount for 30 consecutive business days from November 1, 2024 through December 16, 2024.

DigiAsia Corp. (NASDAQ:FAAS), an Indonesia-based financial technology company, has until June 16 to comply with the minimum bid price requirement, or it could face a forceful removal from the stock exchange.

On Wednesday, May 28, the company successfully hovered past the $1 level following news that it was allocating $100 million to buy Bitcoins.

According to the company, its board of directors approved the establishment of a treasury reserve and committed up to 50 percent of net profits generated to fund the acquisition.