Jiuzi Holdings Set to Acquire $1B Worth of Bitcoin in 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 proposed acquisition marks one of the largest corporate Bitcoin treasury expansions by a publicly traded company this year and is part of a broader strategic partnership between Jiuzi Holdings and the unnamed investor.
The agreement, which remains subject to final agreements, regulatory compliance, and customary closing conditions, would significantly expand Jiuzi Holdings' digital asset reserves and position it more prominently within the global cryptocurrency market.