Jiuzi Holdings Embraces Crypto with $1 Billion Investment
jiuzi Holdings,a Nasdaq-listed company,is making a bold move into the crypto world. The firm plans to invest up to $1 billion in digital assets.This decision is part of a strategic shift led by its new COO, Dr. Doug Buerger. The company will allocate funds into Bitcoin,Ethereum,and Binance Coin.
dr.Buerger, a crypto expert, will guide this initiative. The company sees these digital currencies as a long-term value store, not a speculative play. This step aligns with a growing trend of businesses integrating crypto into their financial strategies.
The company’s board has approved a Crypto Asset Investment Policy. It allows the firm to diversify its cash reserves. The policy targets Bitcoin, Ethereum, and Binance Coin. The goal is to protect against economic uncertainties.The move comes after appointing Buerger as COO. He brings deep crypto knowledge to the team. The policy aims to safeguard shareholder value.It also shows faith in blockchain technology.
A new risk committee will monitor the investment. CFO Huijie Gao will lead this committee. The policy ensures the assets are managed safely. Jiuzi won’t manage the assets themselves. Instead, they’ll use top-tier custodians for secure storage. This approach minimizes risks.
Key points include:
- Jiuzi Holdings will invest up to $1 billion in Bitcoin, Ethereum, and Binance Coin.
- Dr. Doug Buerger, the new COO, will lead the crypto initiative.
- A risk committee, led by CFO Huijie Gao, will oversee the policy.
- The company won’t self-custody assets, opting for third-party specialists.
CEO tao Li views this as a strategic move. It aims to protect shareholder value against economic challenges. This decision reflects a growing trend. More public firms are integrating crypto into their financial strategies.
However, this approach carries risks. Market volatility and regulatory uncertainties can impact balance sheets. Companies must also manage custody, compliance, and risk expenses. Despite these challenges, Jiuzi Holdings believes in the long-term potential of digital assets.
