Jiuzi Holdings Secures $60M Capital Injection
Jiuzi Holdings announced a definitive agreement with multiple crypto investment institutions for a $60 million capital injection. The deal involves the sale of 40 million ordinary shares at $1.50 per share, representing a 50% increase over the originally planned amount.
- The company, originally focused on selling and operating new energy vehicles (NEVs) in China, has recently pivoted its corporate strategy to concentrate on Bitcoin-centric finance and digital asset services. - This capital injection is a key component of Jiuzi's "Digital Asset Treasury" (DAT) strategy, which aims to build a treasury system resilient to market cycles through strategic asset allocation, risk control, and optimizing liquidity. - The deal was upsized by 50% from an initial $40 million commitment to $60 million in less than two weeks, signaling strong institutional interest in the company's new digital finance direction. - The entire $60 million investment will be made in the form of equivalent crypto assets, which will significantly expand the scale of Jiuzi's digital asset reserves. - In the weeks leading up to this deal, Jiuzi also secured other significant investments, including a planned $30 million from Xinhui Solar Technology Group to expand EV charging infrastructure. - The company has been actively forming partnerships within the decentralized finance (DeFi) space, including agreements with the SOLV Foundation and BitFi to utilize their platforms for Bitcoin staking and structured financial products. - Headquartered in Hangzhou, China, the company's CEO is Tao Li. - The company's stock (NASDAQ: JZXN) has experienced significant volatility, with a 52-week trading range between a high of $312.80 and a low of $1.03.
