Jiuzi New Energy has completed the private placement financing of 100 Bitcoin, which will be used for the development of a digital asset custody platform

ChainCatcher news, Nasdaq-listed company Jiuzi New Energy (NASDAQ: JZXN) announced the completion of a private financing transaction conducted in cryptocurrency, raising a total of 100 bitcoins.

The company stated that the funds from this financing will be specifically used for two strategic focuses: building a smart technology-driven digital asset custody platform and developing a cutting-edge technology-based crypto storage system. These initiatives aim to enhance JZXN's infrastructure service capabilities in the digital economy era. Jiuzi New Energy CEO Tao Li stated, "The bitcoin funds obtained will be used for research and development activities in blockchain foundational technologies, particularly secure multi-party computation and zero-knowledge proof technologies, as the foundation for a new generation of digital financial service platforms."