Jiuzi Holdings Receives $60M Crypto Investment
Jiuzi Holdings, Inc. (Nasdaq: JZXN) announced a definitive agreement for a $60 million capital injection from multiple crypto investment institutions. The investors will subscribe to 40 million ordinary shares at $1.50 per share, an amount 50% higher than originally planned.
- This investment 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 new focus on cryptocurrency and digital asset management. - The capital injection is intended to advance the company's Digital Asset Treasury (DAT) strategy, which aims to build a treasury system that can appreciate in value over the long term and withstand market cycles through systematic allocation and risk management. - This $60 million agreement follows a rapid increase from an initially planned $40 million commitment announced just weeks earlier, signaling accelerated interest from the unnamed crypto-focused institutional investors. - Prior to this funding, Jiuzi had announced several other significant, and even larger, financial plans to bolster its crypto ambitions, including a potential $90 million investment from Morgan International Finance and an expanded private placement financing goal of up to $1 billion. - In September 2025, the company's board authorized a $1 billion crypto investment plan, with initial purchases to focus on Bitcoin, Ethereum, and BNB, signaling a major shift in its treasury management. - To maintain its Nasdaq listing amid these strategic shifts and stock price volatility, the company has executed multiple reverse stock splits, including a 1-for-40 split in December 2025 and a 1-for-13 split in July 2024. - Jiuzi has also been actively forming partnerships within the crypto ecosystem, including an agreement with EXSAT.NETWORK to explore a cryptocurrency custody business and a collaboration with the SOLV Foundation for Bitcoin staking and yield products.
