2D
...
Jiuzi Holdings, the Hangzhou-based electric vehicle charging station operator, has approved a bold new treasury policy allowing up to $1 billion in digital asset purchases. The initial allocation will target bitcoin, ethereum, and BNB, with any expansion into other tokens requiring additional board approval. Shares of Jiuzi (JZXN) surged more than 40% in premarket trading after the announcement.
The company confirmed it will not self-custody assets, opting instead for top-tier external providers. Oversight will come from a newly established Crypto Asset Risk Committee, led by CFO Huijie Gao, with reporting obligations to both the board and the public through SEC filings. Dr. Doug Buerger, newly appointed COO and a veteran in blockchain and AI, will lead the initiative, describing crypto as a long-term hedge against economic uncertainty rather than a speculative play.
CEO Tao Li emphasized that the move is aimed at protecting and enhancing shareholder value. With this allocation, Jiuzi positions itself among mid-sized corporate treasury holders, signaling growing confidence in digital assets as part of mainstream financial strategy.
