Core Insights - Jiuzi Holdings, Inc. has signed a Memorandum of Understanding with institutional investors to increase its private placement financing to up to US$1 billion, a significant increase from the previously planned US$12 million [1][2] - This expanded private placement represents an 80-fold increase in committed capital, aimed at supporting the development of the Company's crypto asset business [2] Company Strategy - The funds will be utilized to build advanced secure custody infrastructure and innovative storage solutions for crypto assets, capitalizing on the growing market demand for these services [2] - The CEO of Jiuzi emphasized that the strong trust from investors validates the Company's strategic vision and execution capabilities, providing significant financial flexibility for future growth [3]