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.
- 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.
