Jiuzi Holdings Embarks on Bitcoin Purchase as Strategic Move
Jiuzi Holdings, a prominent electric vehicle retailer, plans to buy 1,000 bitcoins over the next year. This decision reflects the companyâs growing interest in digital assets.
The acquisition will be funded through issuing new stocks, using cash, and possibly seeking external funds. The move shows Jiuziâs confidence in Bitcoin as a valuable long-term asset.
Jiuzi, based in China, operates retail stores for new energy vehicles, mostly in smaller cities. The company believes this investment will help diversify its asset portfolio.
Jiuzi cites Bitcoinâs liquidity and past value growth as reasons for the purchase. The company acknowledges the marketâs volatility but is optimistic about blockchainâs future.
- Bitcoinâs liquidity attracts Jiuzi
- Historical value growth is a key factor
- The company is aware of market volatility
CEO of Jiuzi stated, âWe understand the uncertainty but remain bullish on Bitcoinâs long-term potential.â The company will balance shareholder interests during its capital-raising efforts.
Jiuzi joins other companies like Genius Group and KULR Technology Group increasing their Bitcoin holdings.These firms aim for asset diversification and inflation protection.
Looking ahead, Jiuzi plans to explore more blockchain applications, showing a broader interest in Web3 technologies.
