The board of directors of Jiuzi New Energy approved an investment policy of up to $1 billion for the purchase of cryptocurrency assets

2025-09-24 19:29:57

ChainCatcher news, according to a report by PR Newswire, Chinese automotive dealer Jiuzhi New Energy (NASDAQ: JZXN) announced that its board of directors has officially approved and adopted a cryptocurrency asset investment policy. This policy authorizes the company to allocate a portion of its cash reserves to specific cryptocurrency assets within a prudent risk management framework.

The core framework of the policy includes: 1. Clear investment authorization and limits: The board has authorized the company to deploy up to $1 billion for the purchase of cryptocurrency assets, ensuring control over risk exposure. 2. Strict asset selection criteria: In the initial phase, the investment scope is limited to BTC, ETH, and BNB. Any future plans to expand to other assets must be re-evaluated and approved by the board's risk committee. 3. Highest level of custody standards: The company will not self-custody the acquired cryptocurrency assets. 4. Professional oversight and governance structure: A "Cryptocurrency Asset Risk Committee" will be established to oversee the implementation of various policies and report regularly to the board of directors.

Source

Risk warning

Related tags

Nine Purple New Energy BTC ETH

Topic or theme Real-time Trading of Cryptocurrency and Stocks: A Record of Institutional Crypto Holdings and Capital Operations

Recently, stablecoin concept stocks have continued to strengthen, with several listed companies establishing reserves of crypto assets. Stocks of crypto companies are becoming a special "crypto hotspot": traditional market investors are beginning to pay attention to companies in the crypto industry, while those in the crypto circle view the price changes of crypto stocks as one of the indicators of market fluctuations. This topic will continue to focus on the dynamics of related projects, institutional movements, market performance, and the strategic logic behind them, gaining insights into the development path of this wave of integration between crypto and equity.