Summary
- Nasdaq-listed Jiuzhi Holdings announced it approved a crypto asset investment plan worth $1 billion.
- Initial investment targets are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
- CEO Tao Li emphasized that the crypto asset investment strategy will increase shareholder value in the long term.
Nasdaq-listed Chinese electric vehicle maker Jiuzhi Holdings has approved a plan for a large-scale investment in virtual assets (cryptocurrencies).
According to PR Newswire on the 24th (local time), Jiuzhi approved a $1 billion Bitcoin investment plan. Initial investment targets are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Future purchases of other assets will require board approval.
Tao Li, Jiuzhi's chief executive officer (CEO), said, "We are pleased to begin our crypto asset investment strategy," and added, "We will increase shareholder value over the long term."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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