$1B Crypto Plan Announced as Jiuzi Shares Spike to 55.5%

Group 1 - Jiuzi Holdings Inc. announced a $1 billion crypto investment plan focusing on Bitcoin, Ethereum, and BNB, leading to a 55.5% surge in shares during premarket trading [1][3] - The company operates in China's highly competitive New Energy Vehicle (NEV) market, which is the largest globally, facing intense price competition from domestic and international players [2][3] - The crypto investment plan is seen as a strategic move to diversify corporate assets amid market challenges and reduce reliance on traditional revenue streams [3][5] Group 2 - A Crypto Asset Risk Committee has been established, led by CFO Gao Huijie, to oversee the investment within a defined risk management framework, ensuring governance and risk management [4] - The company will not self-custody digital assets, and any expansion beyond the approved cryptocurrencies will require reassessment and board approval [4] - CEO Li Tao emphasized that this initiative aims to protect and enhance long-term shareholder value, indicating a focus on sustainable growth rather than short-term speculation [5] Group 3 - Dr. Doug Berger, the newly appointed COO, will oversee financial initiatives related to the crypto strategy, drawing parallels with other corporate cryptocurrency strategies like those of MicroStrategy and Tesla [6] - The market reaction to the announcement reflects investor interest in companies that integrate traditional business operations with strategic crypto exposure, highlighting a cautious approach to volatility [7] - Jiuzi's structured oversight and transparency measures may provide insights into how corporate treasury diversification can complement growth in the NEV market [7]