Jiuzi Approves $1B Bitcoin Treasury Plan

Jiuzi Holdings Inc. (NASDAQ: JZXN), a Chinese electric vehicle and charging infrastructure company, has approved a crypto asset policy authorizing up to $1 billion in digital ￰0￱ program begins with Bitcoin (BTC) , Ethereum (ETH) , and ￰1￱ beyond these requires board ￰2￱ will rely on external ￰3￱ CFO will oversee a new Crypto Asset Risk Committee reporting to the ￰4￱ policy is framed as a reserve, not trading. Previously, Jiuzi launched its “Thousand Coins Plan” to acquire 1,000 BTC within 12 ￰5￱ board approved convertible notes, with an initial 23.5 BTC purchase cleared.