Ziga Innovation Public Company Limited

Thai cryptocurrency investment stocks led gains, with ZIGA jumping 8.62% to 1.26 baht and BTC rising 3.33% to 0.31 baht, after bitcoin surged past $81,000 in trading on Coin Metrics platform. The rally was supported by a decline in US Treasury yields and expectations that the Fed will hold interest rates at its meeting this month. CME Group's FedWatch Tool indicates investors assign a 51.6% probability that the Fed will hold rates, up from 36.8% yesterday. Analysts expect bitcoin to potentially reach $150,000 by the end of this year.

Ziga Innovation Public Company Limited, or ZIGA, has disclosed that it has invested in Bitcoin through its subsidiary, Aoun 2024 Company Limited, using surplus working capital and holding for the long term. As of August 31, 2026, the company holds a total of 16.69143660 BTC, comprising 12.31484974 BTC purchased and 4.37658686 BTC mined, with a total book value of approximately 43.46 million baht, based on a fair value of about 2.60 million baht per coin. The purchases have been accumulated from July 2025 to August 2026, with the latest transaction adding 1.92638169 BTC at a cost of 77,937.55 USDT per Bitcoin. This investment does not affect the core business, and the company will continue to report its holdings.

Ziga Innovation Public Company Limited (ZIGA) announced the purchase of an additional 1.92638169 Bitcoin, bringing its total Bitcoin holdings to 16.6914366 coins as of August 31, 2026. This includes 12.31484974 coins purchased and 4.37658686 coins mined, with a total book value of 43.46 million baht, based on a fair price of 2.60 million baht per coin. The investment uses surplus working capital and does not affect the core business. The subsidiary, Un 2024 Company Limited, in which ZIGA holds a 99.97% stake, is the operator, and the holdings are stored with a custodian approved by the SEC. The company stated that it intends to hold the Bitcoin for the long term, not for short-term speculation, and will disclose information transparently through quarterly and annual reports.

Bitcoin's price rebounded strongly from a base of around 62,000 US dollars per BTC after mid-August 2026, rising to test above 81,000 US dollars per BTC as of 25 August 2026. This led five Thai stocks, namely BTC, TTA, JTS, XPG and ZIGA, to be speculated on along with the trend. Mr. Piriya Samphantharak, a Bitcoin expert, said the price in this cycle may still not break the previous year's high of 97,900 US dollars per BTC because trading volume slowed after the initial period. Meanwhile, Mr. Wongsakorn Nakasomboon, fund manager at Merkle Capital Company Limited, views the key short-term technical resistance at around 88,000 US dollars per BTC, with key support levels at 72,000, 70,000 and 68,000 US dollars respectively, supported by ETF funds and progress on the United States' strategic Bitcoin reserve policy. Mr. Korn Hathaisattha, CFA, IAA, head of investment strategy for retail research at CGS International Securities Thailand Company Limited, warned that stocks in this group are high-risk speculation and prices have already risen a lot, even though some companies, especially BTC or Brooker Group Public Company Limited, have already reduced their Bitcoin holdings. Mr. Supakit Ngamjitjaroen, chief executive officer of Ziga Innovation Public Company Limited or ZIGA, revealed that the company still believes in long-term investment in Bitcoin, and the price increase may allow the company to turn around and record a profit in the third quarter after a loss from mark-to-market valuation of about 3 to 4 million baht in the second quarter.

ZIGA announced an increase in its 2026 growth target to 30% from 15% after second-quarter 2026 results recovered far more strongly than expected, with total revenue of 142.1 million baht, up 18.7% year on year, and net profit of 14.1 million baht, up 150.9%. Chief Executive Officer Supakit Ngamjitjaroen said the company has reduced accumulated losses to only about 4 million baht and expects third-quarter 2026 growth to continue from the steel business and the Bitcoin business, as Bitcoin's price recovery to around 2 million baht per BTC gives the company a chance to book a positive impact of about 6 to 7 million baht. The strategy to expand the B2C market has been better received than expected, bringing gross margin back to nearly 30%, similar to the period before the company listed on the stock exchange.

ZIGA signals continued growth in the second half of 2026 after accelerating its push into the B2C market and increasing the share of high-margin innovative products. CEO Supakit Ngamjitcharoen revealed that the company expects the second-half trend to be better than the first half, supported by brand building in the wholesale segment, expansion into the direct consumer market, data center investments, and government mega-projects. The company is also moving ahead with the launch of a new product, shrimp shaft steel, under the ZUPER ZIGA brand, as the sole domestic producer targeting shrimp farms nationwide. This aims to lift the gross profit margin, which stood at around 20 to 30 percent in the first quarter of 2026, with further improvement expected in the second and third quarters. In the digital asset business, the company has zero Bitcoin mining costs thanks to solar cell systems and fully paid-off mining rigs. It currently holds about 14 to 15 Bitcoin, representing an investment of less than 3 percent of cash flow, or approximately 40 million baht, with a long-term investment plan as a cash management tool. Under the Jump+ plan, the company had set a 2028 net profit target of 30 million baht, but now expects to exceed that original target, driven by factors including the business model shift to B2C, the addition of high-margin innovative products, support from data centers, and financial discipline.