HANGZHOU, China, May 22, 2025 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company") announces that its Board of Directors has formally approved a major strategic decision: the Company plans to complete a dual-track, parallel acquisition of 1,000 Bitcoins over the next year through a combination of additional stock issuance and cash purchases. Bitcoin acquisitions in the next year through a dual-track, parallel process of additional stock issuance and cash purchases. This move marks JZXN's in-de ...

Core Points - Cango Inc. announced that all resolutions presented at its extraordinary general meeting on May 16, 2025, were passed with over 99.3% approval from total votes cast [1] - The resolutions included the approval for Cango to sell its existing business in the PRC to Ursalpha Digital Limited for approximately US$351.94 million in cash [2] Company Overview - Cango Inc. primarily operates a leading Bitcoin mining business, with operations in North America, the Middle East, South America, and East Africa [4] - The company expanded into the crypto assets market in November 2024, driven by advancements in blockchain technology and the increasing prevalence of crypto assets [4] - Cango has been operating automotive transaction services in China since 2010, aiming to simplify car purchases [4]

Core Viewpoint - BTCS Inc. has arranged financing to acquire up to $57.8 million in Ethereum (ETH) to enhance its digital asset and validator node operations strategy [1][6]. Financing Details - The initial tranche of the financing amounts to $7.8 million, with the potential for an additional $50 million, contingent upon mutual consent between BTCS and ATW Partners LLC [2]. - The convertible notes have a fixed conversion price of $5.85 per share, which is a 194% premium over BTCS's stock price of $1.99 on May 13, 2025 [3]. - The notes have a two-year maturity date set for May 13, 2027, include a 5% original issue discount, and carry an interest rate of 6% per annum [3]. Management Participation - Charles Allen, the Chairman and CEO of BTCS, personally invested $95,000 in the offering, with an additional $200,000 from a trust for which he is a beneficiary [4]. Strategic Intent - The capital raised is intended to scale BTCS's validator node operations and increase ETH holdings at a pivotal moment in Ethereum's growth [5]. - BTCS aims to replicate strategies similar to MicroStrategy's Bitcoin accumulation by increasing Ethereum exposure to drive recurring revenue through staking and block building operations [5]. Operational Strategy - The financing follows BTCS's recent borrowing through AAVE, a decentralized finance protocol, to acquire more ETH, reflecting the company's strong belief in Ethereum as a key digital asset [6]. - By increasing ETH holdings, BTCS plans to deploy more validators, expand staking rewards, and optimize block production economics through its Builder+ platform [7]. Company Overview - BTCS Inc. is focused on scalable revenue growth through blockchain infrastructure operations, particularly in block building and validator node management [9][10]. - The company operates validator nodes and stakes crypto assets across multiple proof-of-stake networks, enhancing user engagement through its AI-powered blockchain data analytics platform, ChainQ [10].

Financial Data and Key Metrics Changes - Total revenues for Q1 2025 reached $692,000, a significant increase from negative $125,000 in Q1 2024 [12] - Investment income rose to $79,000 from $62,000 in the prior year [11] - The net loss for Q1 2025 was $459,000, or $0.02 per share, compared to a net loss of $95,000, or $0.15 per share in Q1 2024 [12] - Cash and cash equivalents increased by 62.8% to $9.6 million from $5.9 million as of December 2024 [16] Business Line Data and Key Metrics Changes - The loss ratio remained consistent at 0% for Q1 2025 compared to Q1 2024 [13] - The acquisition cost ratio was stable at 10.9 cents for Q1 2025 [14] - The expense ratio decreased from 99.8% in Q1 2024 to 95.8% in Q1 2025, attributed to higher net premiums earned [14][15] - The combined ratio also improved from 99.8% in Q1 2024 to 95.8% in Q1 2025 [15] Market Data and Key Metrics Changes - The company is focusing on the RWA Web3 sector, aiming to position itself as a prominent player in this market [9] - The tokenized asset market is projected to reach $30 trillion by 2034, indicating significant growth potential [23] Company Strategy and Development Direction - The company aims to diversify its business through Assurance Plus, which focuses on tokenizing reinsurance contracts [8] - The establishment of Assurance Plus was achieved without incurring new debt, reflecting an efficient approach to diversification [8] - The company is exploring strategic alternatives for its Web3 division, including potential sales, mergers, or continuing as a publicly traded entity [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the long-term outlook of the core reinsurance business alongside the integration of Assurance Plus [9] - The company is actively participating in global tokenization events to strengthen business relationships and explore collaborative opportunities [18] - Management noted that the reinsurance market remains solid, with premiums showing positive trends [38] Other Important Information - The company has initiated a strategic review process to explore various strategic alternatives for its operations [19] - A memorandum of understanding was signed with Plume, a leading blockchain platform, to enhance distribution channels for tokenized offerings [20] Q&A Session Summary Question: How is the marketing going on for the tokenized securities? - Management indicated that marketing efforts are progressing well, focusing on outreach and building relationships in the RWA space [27] Question: What should investors look for in the next three to six months regarding tokenization? - Management suggested that progress is being made, particularly with the upcoming token launches targeting different investor preferences [34] Question: How does the company view the overall health of the reinsurance market? - Management noted that premiums are solid, and recent changes in Florida's underwriting regulations are favorable for the business [38]

在 Web3 时代，区块链技术正以去中心化的革新力量重塑商业交互范式。FEC（Fortune Earnings Coupon）作为创新的价值回流型交易协议，并未局限于单一区块链的性能边界，而是通过全链部署与 技术架构创新，构建起连接消费场景与数字资产的信任桥梁。这套体系的核心魅力，在于用代码实现 "消费即收益" 的自动闭环，让每一次支付都成为价值生态的有机组成部分。 这种跨链能力的核心是 "资产映射机制"：当用户在香港 POWER DUTY FREE 使用 FEC 支付奢侈品 时，系统会在源链锁定相应代币，同时在目标链生成等值资产，整个过程由分布式验证节点网络实时验 证，确保跨链交易的透明性与安全性。实测数据显示，FEC 跨链交易的平均确认时间控制在 20 秒以 内，手续费显著低于传统跨链桥接方案，为高频消费场景提供了高效支撑。 安全机制：资产托管与动态风控的双重守护 在跨链交易的安全性构建上，FEC 采用了 "智能合约托管 + 多签治理" 的双层防护体系。每当用户发起 跨链请求，相关资产会被自动锁定至智能合约控制的托管账户，直至目标链确认交易完成后才释放，这 种 "条件触发式" 托管避免了资产在跨链过程中的 ...

Company Overview - Blaqclouds, Inc. is a leader in blockchain technology solutions, focusing on security, scalability, and user-centric design [3] - Nyne Global is a full-service marketing, consulting, and management firm that specializes in creating innovative solutions for a diverse clientele [4] Strategic Partnership - Blaqclouds has announced a strategic partnership with Nyne Global to enhance client engagement services across various sectors [1] - The collaboration aims to integrate blockchain solutions with traditional business practices, providing unparalleled services to clients [2] - Nyne Global's client base includes a notable crypto project on the Ethereum Chain that is testing the ZEUSxPay platform within its Shopify ecosystem [2] Leadership Statements - Shannon Hill, President of Blaqclouds, emphasized the alignment of the partnership with the company's mission to bridge traditional and emerging technologies [2] - Steve Neil, President of Nyne Global, highlighted the expansion of service offerings through the integration of blockchain solutions [2]