Jiuzi Holdings Approves $1B Crypto Treasury Led by New COO
Jiuzi Holdings has approved a $1 billion crypto treasury under its new Crypto Asset Investment Policy. The plan will acquire Bitcoin (BTC), Ethereum (ETH) and BNB, with any further diversification subject to board Risk Committee approval.
The crypto treasury is led by new COO Dr. Doug Buerger, a seasoned crypto expert. A newly formed Crypto Asset Risk Committee chaired by CFO Huijie Gao will oversee the policy. All holdings must be secured via third-party custody.
With an $89 million market cap, just $943 000 in cash and equivalents and a $55 million fiscal net loss, Jiuzi may fund purchases through convertible notes, PIPE placements or debt facilities. Shares spiked 47% intraday to $2.38 before retracing amid execution concerns. Traders should watch SEC filings, committee updates and financing details. Executives frame crypto assets as long-term value stores and macro hedges.
Bullish
Jiuzi’s approval of a $1 billion crypto treasury signals direct institutional demand for Bitcoin, Ethereum and BNB. The establishment of a dedicated Risk Committee and third-party custody reduces execution risk and underscores serious governance. While funding sources remain to be detailed, the long-term value store and macro hedge narrative supports sustained buy pressure. Short-term volatility may occur around financing announcements, but steady accumulation by a public company is a bullish indicator for the referenced cryptocurrencies.