Jiuzi Holdings Commits $1B to Crypto Treasury Strategy, Shares Soar 40%
- Chinese energy services company Jiuzi Holdings approved a new treasury framework allowing up to US$1 billion of its reserves to be invested in cryptocurrencies, primarily Bitcoin.
- The investment strategy is designed for long-term storage of value to hedge against macroeconomic uncertainties, not for short-term trading or speculation.
Chinese energy services company, Jiuzi Holdings, has approved a new treasury framework that allows up to US$1 billion (AU$1.53 billion) of its reserves to be invested in cryptocurrencies.
The firm announced Wednesday that its board signed off on a “Crypto Asset Investment Policy” that restricts purchases to Bitcoin and select other tokens under a structured risk…
