Jiuzi Holdings intends to purchase 1,000 Bitcoins over the next year through stock issuance and cash purchases, aiming to diversify its holdings and enhance profitability.
The funding will partly come from an upcoming equity offering, supplemented by internal capital. This dual approach is designed to manage risk while paving the way for sustainable profits.
The announcement led to a 13.27% increase in JZXN shares. The CEO believes in blockchain’s potential beyond cryptocurrencies, indicating a strategic move towards digital asset investments.
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