Jiuzi Holdings Raises $80 Million Through Private Placement to Build Crypto Asset Treasury

Odaily announced that Nasdaq-listed Jiuzi Holdings has reached and signed an investment agreement with a strategic investment institution. The institution will subscribe to 40 million ordinary shares of Jiuzi Holdings at a price of $2 per share, with a total investment amount reaching $80 million. The initial investment funds have been completed, and the new capital will be used to expand cash reserves to support the construction of a crypto asset treasury and the formulation of asset allocation strategies. It is expected that the treasury composition will include various cryptocurrencies such as Bitcoin, Ethereum, and stablecoins. (Globenewswire)