Jiuzi Holdings Plans $1B Bitcoin Acquisition 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 transaction valued at approximately $1 billion.
The deal is 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.
The planned acquisition aims to strengthen Jiuzi Holdings' balance sheet and provide greater financial flexibility as the company expands its digital asset strategy.