Jiuzi Holdings Secures $60M from Crypto Investment Firms
What happened
Jiuzi Holdings announced it has received a US$60 million capital injection from several strategic crypto investment institutions. The investors subscribed to 40 million ordinary shares at $1.50 per share, a 50% increase over the originally planned amount, to advance the company's digital asset treasury strategy.
Why it matters
- Based in Hangzhou, China, Jiuzi Holdings' traditional business involves operating and franchising retail stores that sell new energy vehicles (NEVs). - The company's board of directors approved a "Crypto Asset Investment Policy" in September 2025, authorizing the company to invest up to $1 billion of its reserves in crypto assets. - This Digital Asset Treasury (DAT) strategy is designed for the long-term storage of value to hedge against macroeconomic uncertainties, not for short-term trading or speculation. - To oversee the crypto initiative, the company appointed Dr. Doug Buerger, described as an industry veteran in blockchain and AI, as its Chief Operating Officer. - The investment amount was increased from an initial commitment of $40 million, which was announced on February 5, 2026, to the final $60 million in less than two weeks. - The initial crypto assets for the treasury will be limited to Bitcoin, Ethereum, and BNB, with a newly formed "Crypto Asset Risk Committee" required to approve any other tokens. - This capital injection is one of several recent fundraising announcements by the company, including a planned $30 million investment from Xinhui Solar for EV charging expansion and a potential $90 million investment from Morgan International Finance.
Key numbers
- Jiuzi Holdings announced it has received a US$60 million capital injection from several strategic crypto investment institutions.
- The investors subscribed to 40 million ordinary shares at $1.50 per share, a 50% increase over the originally planned amount, to advance the company's digital asset treasury strategy.
- The company's board of directors approved a "Crypto Asset Investment Policy" in September 2025, authorizing the company to invest up to $1 billion of its reserves in crypto assets.
- The investment amount was increased from an initial commitment of $40 million, which was announced on February 5, 2026, to the final $60 million in less than two weeks.
What happens next
- The initial crypto assets for the treasury will be limited to Bitcoin, Ethereum, and BNB, with a newly formed "Crypto Asset Risk Committee" required to approve any other tokens.
Quick answers
What happened in Jiuzi Holdings Secures $60M from Crypto Investment Firms?
Jiuzi Holdings announced it has received a US$60 million capital injection from several strategic crypto investment institutions. The investors subscribed to 40 million ordinary shares at $1.50 per share, a 50% increase over the originally planned amount, to advance the company's digital asset treasury strategy.
Why does Jiuzi Holdings Secures $60M from Crypto Investment Firms matter?
Based in Hangzhou, China, Jiuzi Holdings' traditional business involves operating and franchising retail stores that sell new energy vehicles (NEVs). The company's board of directors approved a "Crypto Asset Investment Policy" in September 2025, authorizing the company to invest up to $1 billion of its reserves in crypto assets. This Digital Asset Treasury (DAT) strategy is designed for the long-term storage of value to hedge against macroeconomic uncertainties, not for short-term trading or speculation. To oversee the crypto initiative, the company appointed Dr. Doug Buerger, described as an industry veteran in blockchain and AI, as its Chief Operating Officer. The investment amount was increased from an initial commitment of $40 million, which was announced on February 5, 2026, to the final $60 million in less than two weeks. The initial crypto assets for the treasury will be limited to Bitcoin, Ethereum, and BNB, with a newly formed "Crypto Asset Risk Committee" required to approve any other tokens. This capital injection is one of several recent fundraising announcements by the company, including a planned $30 million investment from Xinhui Solar for EV charging expansion and a potential $90 million investment from Morgan International Finance.
