Jiuzi Holdings Aims for $1 Billion Bitcoin Acquisition
Nasdaq-listed Jiuzi Holdings Inc. is planning to acquire 10,000 Bitcoin (BTC) from a strategic digital asset investor in a deal valued at approximately $1 billion.
The transaction will involve transferring 10,000 BTC to Jiuzi Holdings in exchange for equity consideration and will expand the company's digital asset reserves significantly.
The agreement is structured as part of a broader strategic partnership between Jiuzi Holdings and the unnamed investor, which is described as a globally recognized digital asset institution with significant liquidity resources and experience in crypto treasury management.
Jiuzi Holdings stated that the planned Bitcoin acquisition is intended to strengthen its balance sheet and provide greater financial flexibility as the company expands its digital asset strategy.