The new energy vehicle retailer JZXN announced plans to acquire 1,000 bitcoins within a year

2025-05-22 22:04:00

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ChainCatcher news, according to PR Newswire, the board of directors of Chinese new energy vehicle retailer Jiuzi Holdings, Inc. (NASDAQ: JZXN) has officially approved a major strategic decision: the company will acquire 1,000 bitcoins through a dual-track approach of additional stock issuance and cash purchases within the next year.

The company primarily engages in the franchising and retail business of new energy vehicles and currently collaborates with over 20 electric vehicle and battery manufacturers to sell new energy vehicles in third- and fourth-tier cities in China.

JZXN stated that this foray into the digital asset field is a strategic choice made after comprehensive evaluation, aimed at diversifying its investment portfolio and enhancing long-term profitability. The company believes that bitcoin, as the world's leading cryptocurrency, not only has high liquidity and market recognition but also demonstrates strong appreciation potential.

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