The firm raised funds through the issuance of 40 million shares at $2 each, aiming to strengthen reserves by acquiring Bitcoin, Ethereum, and stablecoin assets.
Jiuzi Holdings has finalized an investment agreement with a strategic investor worth $80 million through a share issuance of 40 million shares priced at $2 each. The first tranche of the deal has been completed, with proceeds planned to enhance the company’s cash position and establish a crypto asset treasury. This treasury is set to include major cryptocurrencies such as Bitcoin and Ethereum, alongside stablecoins typically used for maintaining price stability in digital markets.