Jiuzi Holdings Goes All-In on Bitcoin: Plans to Buy 1,000 BTC in Next Year

Hang onto your hats, folks! Electric vehicle giant Jiuzi Holdings just dropped a bombshell—they're diving headfirst into the crypto world, planning to snag a whopping 1,000 Bitcoins over the next year. This bold move is a total game-changer for the company, marking a thrilling pivot into digital assets.

So, how are they gonna pull this off? Jiuzi's not messing around. They're gonna fund this epic purchase with a mix of new stock and cold, hard cash. It's a clear sign they're betting big on Bitcoin's future, and they're not the only ones. Corporate confidence in BTC as a long-term play is on the rise, and Jiuzi's all in!

Get this: the board's given the green light, showing just how serious they are about blockchain's potential. They're looking to shake things up and diversify their assets as the market shifts. It's a risky move, but one that could pay off big time!

Now, for those who don't know, Jiuzi Holdings is a powerhouse in China, running retail outlets for new energy vehicles under the Jiuzi brand. They're all about selling battery-powered and plug-in electric vehicles, mainly in China's third and fourth-tier cities. But now, they're ready to rev up their crypto game!

Bitcoin's Wild Ride: Liquidity and Volatility

So, why Bitcoin? Jiuzi's not shy about it—they're all about that liquidity and the coin's track record of skyrocketing value. It's a wild ride, but one they're ready to take on!

"Yeah, we know Bitcoin's a rollercoaster, but we've done our homework on blockchain tech, and we're all in for the long haul," the CEO boldly declared. They're not just dipping their toes in; they're diving in headfirst!

To make this happen, Jiuzi's pulling out all the stops. They're issuing new shares, tapping into their cash reserves, and might even hit up external funding. It's a double-barreled approach that keeps their capital-raising game strong while still looking out for shareholders. Smart move!

Jiuzi's not alone in this crypto craze. They're joining a growing crew of public companies beefing up their Bitcoin holdings to diversify their assets and hedge against inflation. Genius Group and KULR Technology Group are already in the game, making multimillion-dollar buys to bulk up their crypto treasuries.

But Jiuzi's not stopping there. They're eyeing the bigger picture, planning to dive deeper into blockchain and Web3 tech. This isn't just a one-off; it's a long-term play that could shake up the industry!