JZXN Announces Major Strategic Move: Acquisition of 1,000 Bitcoins Over the Next Year

Rhea-AI Summary

Jiuzi Holdings (NASDAQ: JZXN) has announced a strategic plan to acquire 1,000 Bitcoins over the next year through a dual-track approach. The acquisition will be funded through a combination of new stock issuance and cash purchases, including potential external financing. This strategic move represents JZXN's significant entry into digital currencies and blockchain technology. The company views Bitcoin as a highly liquid asset with strong value-added potential, aiming to diversify its investment portfolio and enhance long-term benefits. While acknowledging Bitcoin market volatility, JZXN's management expresses confidence in blockchain technology's future and aims to explore additional applications in the field.

Positive

• Diversification of investment portfolio through Bitcoin acquisition
• Strategic entry into blockchain and digital currency markets
• Flexible funding approach combining stock issuance and cash purchases

Negative

• Potential shareholder dilution through additional stock issuance
• Exposure to Bitcoin's high market volatility and risks
• Significant capital commitment required for 1,000 Bitcoin acquisition
• Deviation from core business model into speculative cryptocurrency investments

News Market Reaction – JZXN

+6.55%

1 alert

+6.55% News Effect

On the day this news was published, JZXN gained 6.55%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HANGZHOU, China, May 22, 2025 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company") announces that its Board of Directors has formally approved a major strategic decision: the Company plans to complete a dual-track, parallel acquisition of 1,000 Bitcoins over the next year through a combination of additional stock issuance and cash purchases. Bitcoin acquisitions in the next year through a dual-track, parallel process of additional stock issuance and cash purchases. This move marks JZXN's in-depth layout in the field of digital currencies, further demonstrating the company's firm confidence in blockchain technology and its application prospects.

The acquisition plan is a strategic choice made by JZXN after thorough consideration and comprehensive evaluation. Bitcoin, as the world's leading cryptocurrency, is not only highly liquid and recognized in the market, but has also demonstrated strong value-added potential in recent years, and JZXN believes that the inclusion of Bitcoin in the Company's asset portfolio not only diversifies the investment risk effectively, but also brings the Company potential long-term benefits.

In order to ensure the smooth implementation of the acquisition program, JZXN will adopt a combination of additional stock issuance and cash purchase. On the one hand, the company will start the process of issuing additional shares in due course to raise part of the acquisition funds; on the other hand, the company will also utilize its own funds and possible external financing to jointly complete the remaining part of the bitcoin acquisition. This strategy reflects the company's respect and protection of shareholders' interests and ensures the adequacy of funding for the acquisition.

"We are well aware of the volatility and uncertainty of the Bitcoin market, but it is based on a deep understanding of blockchain technology and a long-term bullish belief that we decided to take this step," said JZXN's CEO. "Through this acquisition, we will further enrich our company's asset structure and enhance our risk resistance and profitability. At the same time, we will also continue to focus on and explore the application of blockchain technology in other fields with a view to creating more value for the Company."

For more information, please contact：
Iris He
iris@jzxn.com 

 

View original content:https://www.prnewswire.com/news-releases/jzxn-announces-major-strategic-move-acquisition-of-1-000-bitcoins-over-the-next-year-302463106.html

SOURCE JIUZI HOLDINGS, INC.

FAQ

How many Bitcoins does JZXN plan to acquire and over what timeframe?

JZXN plans to acquire 1,000 Bitcoins over the next year, starting from May 22, 2025.

How will JZXN fund its Bitcoin acquisition plan?

JZXN will fund the acquisition through a dual-track approach: issuing additional shares and using cash purchases, including possible external financing.

Why is JZXN investing in Bitcoin?

JZXN is investing in Bitcoin to diversify its investment portfolio, citing Bitcoin's high liquidity and value-added potential, while expressing confidence in blockchain technology's future.

What are the risks of JZXN's Bitcoin investment strategy?

The main risks include Bitcoin market volatility, potential shareholder dilution from new stock issuance, and significant capital commitment required for the acquisition.

What is JZXN's long-term strategy regarding blockchain technology?

Beyond Bitcoin acquisition, JZXN plans to explore additional applications of blockchain technology in other fields to create more value for the company.