
Core Viewpoint - Jiuzi Holdings is adopting a crypto investment policy, allowing for up to $1 billion in investments in Bitcoin, Ethereum, and BNB, aiming to enhance long-term shareholder value [1][2]. Financial Position - As of October 31, 2024, Jiuzi Holdings reported approximately $943,000 in cash and cash equivalents, alongside a net income loss of around $55 million for the fiscal year [3]. Investment Strategy - The firm will not take custody of its crypto assets and has established a crypto risk asset committee as part of its investment policy framework [5]. - The company emphasizes a long-term investment approach, viewing crypto assets as stores of value rather than engaging in short-term trading or speculation [5]. Market Reaction - Following the announcement, shares of JZXN initially surged by 47% to $2.38 before retracing and are currently down nearly 10% at $1.46, reflecting a more than 99.9% decline over the past five years [1].