Summary
- Jiuzi Holdings announced plans to purchase 1,000 Bitcoins over the next year.
- The company plans to fund the Bitcoin purchase through a combination of rights issue and cash procurement.
- Bitcoin is considered advantageous for investment diversification and securing mid-to-long-term profitability.
Nasdaq-listed Jiuzi Holdings, headquartered in Hangzhou, China, announced plans to sequentially purchase 1,000 Bitcoins over the next year.
According to PR Newswire on the 22nd (local time), the board of Jiuzi Holdings approved the purchase strategy and decided to actively incorporate digital assets into their asset portfolio. The funds for the purchase will be raised through a combination of rights issue and cash procurement.
Jiuzi Holdings stated, "Bitcoin holds high liquidity and recognition in the market, and considering the value appreciation trend over recent years, it is advantageous for investment diversification and securing mid-to-long-term profitability."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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