Jiuzi Holdings raises $80 million through a rights issue to support the development of the crypto asset treasury

ZkProver · 2026-03-09T17:11:24+00:00

Jiuzi Holdings has signed an agreement with strategic investment institutions to subscribe for 40 million shares at $2 per share, raising $80 million. The funds will be used to expand cash reserves, build a crypto asset treasury, and develop an asset allocation strategy. The treasury will include various cryptocurrencies such as Bitcoin and Ethereum.

ZkProver

2026-03-09 17:11:24

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ChainCatcher reports that, according to Globenewswire, Nasdaq-listed company Jiuzi Holdings (九紫新能) announced that it has reached and signed an investment agreement with a strategic investment firm. The firm will subscribe to 40 million common shares at $2 per share, for a total investment of $80 million. The initial investment funds have been transferred, and the new capital will be used to expand cash reserves to support the construction of a crypto asset treasury, develop asset allocation strategies, and more. The treasury is expected to include various cryptocurrencies such as Bitcoin, Ethereum, and stablecoins.

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