Jiuzi Holdings to Acquire 10,000 BTC Worth About $1 Billion via Equity Swap

U.S.-listed Jiuzi Holdings Inc. (Nasdaq: JZXN) entered into a strategic agreement with a global digital asset investor to acquire 10,000 BTC through an equity swap valued at approximately $1 billion, GlobeNewswire reports. The investor will contribute its BTC holdings in exchange for JZXN equity, and both parties plan to cooperate on digital asset treasury management, cross-border crypto settlement, liquidity management and participation in crypto infrastructure. Jiuzi Holdings Inc., headquartered in Hangzhou, China, previously focused on new energy vehicle sales through franchised and company-owned dealerships.