Nasdaq Firm Jiuzi Holdings to Acquire $1B Worth of Bitcoin

Nasdaq-listed Jiuzi Holdings Inc. has announced plans to acquire 10,000 Bitcoin (BTC) from a strategic digital asset investor in a deal worth approximately $1 billion.

The proposed transaction marks one of the largest corporate Bitcoin treasury expansions by a publicly traded company this year and would significantly expand Jiuzi's digital asset reserves.

According to the company, the agreement is structured as part of a broader strategic partnership with the unnamed investor, who is described as a globally recognized digital asset institution with significant liquidity resources and experience in crypto treasury management.