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

Nasdaq-listed Jiuzi Holdings Inc. is planning to acquire 10,000 Bitcoin (BTC) from a strategic digital asset investor for approximately $1 billion.

The proposed deal, which would significantly expand Jiuzi Holdings' digital asset reserves, is structured as part of a broader strategic partnership between the company and the unnamed investor.

Jiuzi Holdings described the investor as a globally recognized digital asset institution with significant liquidity resources and experience in crypto treasury management.

The acquisition is intended to strengthen Jiuzi Holdings' balance sheet and provide greater financial flexibility as the company expands its digital asset strategy.