Jiuzi Holdings Secures $60M in Crypto-Focused Investment
Jiuzi Holdings, Inc. announced a $60 million capital injection from multiple investment institutions focused on crypto treasury management and digital assets. The investors will purchase 40 million ordinary shares at $1.50 per share. The deal, which increased 50% from its original planned amount, will fund the scaled implementation of the company's digital asset treasury strategy.
- This capital injection is a key part of Jiuzi's strategic pivot from its original business of franchising and operating retail stores for new energy vehicles (NEVs) in China to a focus on cryptocurrency and digital asset services. - The company first signaled this major shift in September 2025, when its board approved a "Crypto Asset Investment Policy," allowing the company to invest up to $1 billion of its reserves into cryptocurrencies. - Prior to this $60 million deal, Jiuzi had already announced a series of moves to build its digital asset business, including a partnership with the SOLV Foundation to deploy up to 10,000 Bitcoin and an agreement with EXSAT.NETWORK to explore a crypto custody business. - The investors in this round are described as multiple institutions specializing in crypto treasury construction and digital asset risk management, and the investment is being made in the form of equivalent crypto assets, not cash. - This funding is intended to move the company's Digital Asset Treasury (DAT) strategy from the planning phase into "scaled implementation," focusing on building out institutional infrastructure and expanding its digital asset reserves. - The deal was increased by 50% from an initially planned $40 million to $60 million in less than two weeks, indicating strong investor interest in the company's crypto strategy. - This move follows a 1-for-40 reverse stock split in December 2025, which was aimed at meeting the Nasdaq's minimum bid price requirement. - Originally founded in 2019, the Hangzhou-based company's legacy business involves selling NEVs and providing related services like charging infrastructure.
