Chinese EV Company Jiuzi Announces Plan to Acquire 10,000 BTC

Announcement of the 10,000 BTC Acquisition Plan

On March 4, Jiuzi Holdings, a Chinese company listed on the US Nasdaq, announced a strategic agreement to acquire 10,000 BTC from global digital asset investors. The consideration for this acquisition is approximately $1 billion in equity, aiming to build a long-term collaborative relationship with the cryptocurrency market.

Founded in 2019 and headquartered in Hangzhou, China, Jiuzi is an EV (new energy vehicle) sales and charging infrastructure company. It primarily targets third and fourth-tier cities in China, which have moderate economic power...