Jiuzi New Energy successfully raises funds with 100 Bitcoins for its crypto asset strategy

On October 13th, Nasdaq-listed Zhejiang Jiuzi New Energy disclosed a private placement settled in 100 Bitcoins, intended for developing a digital asset custody platform.

The company, specializing in high-power charging technology, observed a rise in JZXN’s stock price post-announcement, indicating a favorable market reaction.