cryptonews.net
Jiuzi Holdings, Inc., (Nasdaq: JZXN), Chinese electric vehicle retail company, announced a strategic agreement with a global digital asset investor to acquire 10,000 Bitcoin. The planned transaction values the digital assets at about $1 billion and will be completed through an equity exchange.
Under the proposal, the strategic investor will transfer the Bitcoin holdings to JZXN in return for company shares. The deal is also designed to establish a long-term partnership focused on cooperation in the global cryptocurrency sector.
The investor involved in the agreement is described as a global digital asset investment institution with experience in cryptocurrency treasury management and access to large liquidity networks. Beyond the asset transfer, both parties plan to collaborate on initiatives such as digital treasury optimization, cross-border crypto settlements, and liquidity management.
JZXN management stated that securing a large Bitcoin reserve could improve financial flexibility and support long-term corporate growth. The company added that the transaction remains subject to final agreements, regulatory requirements, and standard closing conditions. Further information will be disclosed through filings with the U.S. Securities and Exchange Commission.
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