Jiuzi Holdings, Inc. Partners with SOLV Foundation on $2.8B TVL Bitcoin Initiative to Advance Crypto Treasury Strategy
Rhea-AI Summary
Jiuzi Holdings (NASDAQ: JZXN) announced a Strategic Cooperation Agreement with SOLV Foundation to integrate the company's Bitcoin treasury with SOLV's cross-chain staking and structured finance platform, which reports a US$2.8 billion TVL. JZXN will deposit Bitcoin held by the company or its subsidiaries into SOLV with custody provided by approved, regulated third parties to ensure institutional-grade auditability.
A joint Steering Committee will pursue SolvBTC adoption across networks including Solana and Base, tokenized real-world assets, and structured yield products while maintaining compliance with SEC and Nasdaq requirements.
Positive
- Partnership with SOLV platform reporting US$2.8 billion TVL
- Bitcoin deposits protected by approved, regulated third-party custody
- Steering Committee to drive SolvBTC adoption on Solana and Base
Negative
- None.
News Market Reaction 58 Alerts
On the day this news was published, JZXN declined 20.83%, reflecting a significant negative market reaction. Argus tracked a peak move of +73.4% during that session. Argus tracked a trough of -33.9% from its starting point during tracking. Our momentum scanner triggered 58 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $7M at that time. Trading volume was exceptionally heavy at 18.9x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
JZXN will leverage SOLV's platform to maximize the efficiency of its Bitcoin holdings. Bitcoin assets held by the Company or its subsidiaries will be deposited into the SOLV platform under custody by approved, regulated third parties designated by the Company, ensuring transparency, security, and institutional-grade auditability.
Furthermore, senior representatives from both JZXN and SOLV will form a Steering Committee tasked with spearheading transformative initiatives to redefine Bitcoin-centric decentralized finance (DeFi). This committee will drive adoption of SolvBTC across networks including Solana, Base; facilitate market expansion; and pioneer innovative financial models such as tokenized real-world assets and structured yield products.
This agreement reflects the shared vision of positioning the Company as a Bitcoin-focused crypto financial firm, integrating its reserves with cutting-edge digital asset strategies. By tapping into SOLV's expertise in Bitcoin liquidity aggregation and staking, JZXN aims to provide shareholders with institutional exposure to Bitcoin while enhancing capital efficiency within a regulated framework. Both parties affirm that this partnership will operate under principles of transparency, sound governance, and compliance with
Mr. Li Tao, Chief Executive Officer of Jiuzi Holdings, Inc., stated: "This partnership marks a transformative step forward, strengthening our Bitcoin vault strategy and aligning us with one of the most advanced platforms in the Bitcoin liquidity and staking ecosystem."
Ryan Chow, Co-Founder of Solv Protocol, said, "Our expertise in managing large-scale Bitcoin assets, combined with Jiuzi's NASDAQ-listed status, builds a bridge of trust for traditional finance. Together, we're enabling secure institutional capital flow into crypto."
About Jiuzi Holdings, Inc.
Jiuzi Holdings, Inc. is a leading provider of NEV intelligent charging infrastructure in
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SOURCE Jiuzi Holdings, Inc