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- 🍁 Golden Autumn, Big Prizes Await!
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Crypto move from Chinese company: a $1 billion purchase is coming
As the interest of corporate companies in cryptocurrencies continues to grow rapidly, a company located in China, where cryptocurrencies are completely banned, has also decided to make a purchase of 1 billion dollars.
Jiuzi Holdings, which is based in China but also listed on the Nasdaq in the U.S., has decided to invest up to 1 billion dollars of its cash reserves in Bitcoin, Ethereum, and BNB. New cryptocurrencies may be added to these later.
The company, which has a market value of 90 million dollars and develops electric vehicle infrastructure in China’s medium and small-sized cities, stated that it will also report large-scale crypto purchases to the SEC through a 6-K form and announce it to the public.
The company's CEO, Tao Li, stated that the crypto investment policy would be implemented with the aim of preserving long-term shareholder value.
Following the announcement of the news, the company's shares on Nasdaq experienced an increase of approximately 45%, and the price rose above 2.4 dollars per share.
Published: September 24, 2025 16:35