Jiuzi Holdings Aims to Acquire $1B Worth of Bitcoin as Part of Strategic Partnership
Nasdaq-listed Jiuzi Holdings Inc. has announced plans to acquire 10,000 Bitcoin (BTC) from a strategic digital asset investor in a deal valued at approximately $1 billion.
The transaction would significantly expand the company's digital asset reserves and position it more prominently within the global cryptocurrency market.
Jiuzi Holdings said the planned acquisition is intended to strengthen its balance sheet and provide greater financial flexibility as the company expands its digital asset strategy.
The deal is structured as part of a broader strategic partnership between Jiuzi Holdings and the unnamed investor, which the company described as a globally recognized digital asset institution with significant liquidity resources and experience in crypto treasury management.