Jiuzi Holdings Raises $80M via 40M Shares, Plans 10,000 Bitcoin Contribution
Jiuzi Holdings secured an $80 million strategic investment via 40 million ordinary shares at $2 per share, boosting its cash reserves and operational capabilities in its crypto asset expansion. The deal also includes a second phase involving 10,000 Bitcoin contributions for equity valued at $1 billion, reshaping its treasury.
1. Investment Details
Jiuzi Holdings has secured an $80 million strategic investment from a partner subscribing for 40 million ordinary shares at $2 per share. The agreement also includes a second phase under which the investor will contribute 10,000 Bitcoin in exchange for equity valued at about $1 billion.
2. Strategic Implications
The cash infusion is intended to boost Jiuzi’s financial flexibility and support its entry into the crypto asset market, while the planned Bitcoin transfer aims to optimize the company’s treasury structure and risk exposure. This partnership positions Jiuzi to leverage digital assets as part of its operational growth strategy.
3. Market and Technical Context
Following the announcement, Jiuzi shares climbed 16.9%, trading above their 20-day SMA but still below the 50-day SMA. Over the past year, shares have fallen over 99%, and key technical indicators show neutral RSI and a bullish MACD crossover, indicating mixed momentum.