Jiuzi Holdings Takes a Wild Ride into Bitcoin Wonderland! 🚗💰

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In a most audacious turn of events, the electric vehicle purveyor known as Jiuzi Holdings has declared its intention to procure a staggering 1,000 Bitcoins over the coming year. Ah, the sweet scent of digital assets wafts through the air, as if one were strolling through a market of ripe peaches! 🍑

With a flourish, the company announced that it would fund this ambitious venture through a delightful concoction of additional stock issuance and cash purchases. One can only imagine the boardroom discussions, filled with fervent nods and the occasional raised eyebrow, as they embraced the notion of Bitcoin (BTC) as a long-term strategic asset. Confidence, it seems, is the new black! 🖤

This board-approved acquisition plan is a testament to Jiuzi’s unwavering faith in the long-term potential of blockchain technology. It aims to diversify the company’s asset base, much like a well-rounded diet—because who wants to feast solely on potatoes? 🥔

Jiuzi Holdings Inc, a proud Chinese enterprise, is dedicated to the noble pursuit of retailing new energy vehicles. Operating under the illustrious Jiuzi brand, the company peddles battery-operated electric vehicles and plug-in electric vehicles, primarily in the less glamorous third and fourth-tier cities across China. Ah, the charm of the underdog! 🌆

Bitcoin’s Liquidity and Volatility: A Love Story

In its grand proclamation, Jiuzi cited Bitcoin’s liquidity and its historical value appreciation as the primary reasons for this daring leap into the digital abyss. “We are well aware of the volatility and uncertainty of the Bitcoin market,” the company’s CEO declared, “but it is based on a deep understanding of blockchain technology and a long-term bullish belief that we decided to take this step.” A true romantic, isn’t he? 💔

To finance this bold move, Jiuzi will issue new shares while also dipping into its cash reserves, perhaps with a wink and a nudge towards external funding. The dual-track strategy, they say, balances capital-raising needs with shareholder interests. A delicate dance, indeed! 💃

This audacious maneuver positions Jiuzi alongside a growing list of public companies that are adding Bitcoin to their balance sheets, all in the name of asset diversification and inflation hedging. Companies like Genius Group and KULR Technology Group have also joined the fray, making multimillion-dollar purchases to expand their crypto treasuries. It’s a veritable gold rush, but with less gold and more digital dust! 💸

Moreover, the company plans to explore broader blockchain applications beyond mere asset holdings, signaling a long-term interest in Web3-related technologies. Who knows? Perhaps they’ll invent a blockchain-powered electric vehicle that drives itself to the moon! 🚀

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2025-05-22 20:14