Jiuzi Holdings, headquartered in Hangzhou, China, saw its shares rise 40% after revealing a new plan to allocate up to $1 billion into cryptocurrencies.
The company’s board of directors approved the strategy to begin with Bitcoin, Ethereum, and BNB, with any additional tokens requiring board approval. Oversight will be provided by a newly formed Crypto Asset Risk Committee chaired by CFO Huijie Gao. Daily operations will be managed by recently appointed COO Dr.
Doug Buerger, who brings decades of blockchain and AI experience. In the official release, Buerger highlighted that the initiative is not about speculation but treating crypto as a long-term hedge against macroeconomic uncertainties.
Jiuzi also confirmed that leading third-party providers will handle asset management. The Crypto Asset Risk Committee will report regularly to the board and release updates via SEC filings. This bold move reflects the company’s growing confidence in the role of digital assets in corporate treasuries.
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