Nasdaq-listed Jiuzi Holdings to acquire 1k BTC in strategy shift

Electric vehicles retailer Jiuzi Holdings announced his intention to acquire 1,000 bitcoins over the next year, marking a major pivot in digital assets.

The company said that it would finance the purchase thanks to a mixture of emissions of additional shares and cash purchases, pointing out an increasing confidence of companies in Bitcoin (BTC) as a long -term strategic asset, according to to the company.

The acquisition plan approved by the Board of Directors underlines Jiuzi’s belief in the long -term potential of blockchain technology and aims to diversify the company’s asset base in the midst of market conditions.

Jiuzi Holdings Inc is a Chinese company focused on the management of points of sale for new energy vehicles. Operating under the Jiuzi brand, the company sells electric battery vehicles and rechargeable electric vehicles, mainly in third and fourth level cities across China.

Bitcoin liquidity and volatility

Jiuzi cited Bitcoin’s liquidity and the assessment of historical value as the main reasons for its decision.

“We are well aware of the volatility and uncertainty of the Bitcoin market, but it is based on an in -depth understanding of blockchain technology and a long -term bullish belief that we have decided to take this stage,” said the CEO of society in a press release.

To finance this decision, Jiuzi will issue new actions while explaining his cash reserves and potentially looking for external funding. The double -track strategy, said the company, balances capital needs with the interests of shareholders.

This decision positions Jiuzi alongside a growing list of public enterprises adding bitcoin to their balance sheets in search of the diversification of assets and the coverage of inflation. Public companies love Geniuses and Kulr technological group have increased Their Bitcoin holdings with shopping of several million dollars to extend their cryptographic treasury bills.

The company also plans to explore wider blockchain applications beyond asset assets, signaling long-term interest in web3-related technologies.