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Jiuzi Holdings Secures 10,000 Bitcoin in $1 Billion Strategic Equity Deal

Jiuzi Holdings Secures 10,000 Bitcoin in $1 Billion Strategic Equity Deal

The partnership includes initiatives in digital asset fund management, cross-border cryptocurrency settlement, and liquidity development, with SEC (U.S. securities regulator) filings to follow.

BTC

Fact Check
The statement is directly supported by an official press release from Jiuzi Holdings, Inc. (Nasdaq: JZXN) published on GlobeNewswire. The details regarding the 10,000 BTC amount, the $1 billion valuation, the equity-based structure, and the strategic initiatives (fund management, settlement, liquidity) match the company's announcement exactly.
    Reference: 12
Summary

Jiuzi Holdings announced a strategic agreement to receive 10,000 Bitcoin valued at approximately $1 billion in exchange for equity. The collaboration aims to jointly develop digital asset fund management, engage in cross-border cryptocurrency settlement, and enhance market liquidity. The company disclosed the partnership via Globenewswire, with official filings to the SEC expected to follow. The move aligns with the growing trend of traditional firms seeking exposure to large-scale crypto asset management and settlement solutions.

Terms & Concepts
  • Digital asset fund management: The professional administration of portfolios holding cryptocurrencies and blockchain-based assets.
  • Cross-border crypto settlement: The process of completing international transactions using digital currencies instead of traditional banking channels.
  • Liquidity collaboration: A cooperative effort to ensure sufficient market depth and transaction fluidity for traded digital assets.