on Jiuzi Holdings, Inc
Jiuzi Holdings Secures 100 Bitcoin, Marking Strategic Move in Crypto Deployment
Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced the completion of a cryptocurrency-driven private placement, raising capital equivalent to 100 Bitcoin. This transaction showcases a fusion of traditional equity financing with digital assets, reflecting the market's acknowledgment of Jiuzi's strategic positioning in the cryptocurrency sector.
The funds will fuel two main strategic directions: enhancing a digital asset custody platform and advancing encrypted storage technology. These projects aim to bolster the company's service capabilities in the digital economy.
The announcement has positively impacted JZXN's stock price, indicating strong investor interest in digital financial innovations. CEO Tao Li emphasized the dual focus on compliance and innovation, with funds targeted at blockchain technology R&D.
R. H.
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