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Jiuzi Holdings Plans Up to $1 Billion Bitcoin Purchase for Treasury

Jiuzi Holdings Plans Up to $1 Billion Bitcoin Purchase for Treasury

Jiuzi Holdings has unveiled plans for a $1 billion crypto treasury, expanding its policy focus from Bitcoin to include Ethereum and BNB, drawing mixed investor reactions.

BTC
ETH
BNB

Fact Check
The statement is well-supported by the evidence. A press release from the company (Source 3) explicitly states its Board has authorized the deployment of 'up to US$1 billion in funds for purchasing crypto assets.' Multiple other sources confirm this policy and specify that Bitcoin is a key part of this new treasury strategy (Sources 2, 6). While the policy is for crypto assets in general and not exclusively Bitcoin, the statement accurately reflects the existence and scale of the company's plan.
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Summary

Jiuzi Holdings announced an updated treasury plan to invest up to $1 billion in cryptocurrency, broadening its focus beyond Bitcoin to also include Ethereum and BNB. The move builds on its previously approved crypto asset policy, which emphasized structured risk management and third-party custody. Oversight remains under the company’s Crypto Asset Risk Committee, with CFO Huijie Gao overseeing governance. Investors reacted with mixed signals following the news.

Terms & Concepts
  • Crypto Asset Investment Policy: A policy designed by companies to regulate and guide the investment of treasury funds into cryptocurrency and digital assets, with risk management and oversight measures.
  • Crypto Asset Risk Committee: A specialized committee within a company formed to oversee and manage the risks associated with investments in cryptocurrencies.
  • BNB: The native cryptocurrency of Binance, used for trading fee discounts, transaction fees, and participation in Binance’s ecosystem.