Chinese Company Executes $1 Billion Cryptocurrency Deal
Major global corporations continue to actively integrate cryptocurrencies into their treasury strategies. Alongside Bitcoin and Ethereum, interest in altcoins such as XRP, Solana, and BNB is also growing. The latest player in this field is Jiuzi Holdings, a Chinese company listed on Nasdaq and operating in the electric vehicle charging infrastructure sector.
The board of directors of Jiuzi Holdings has officially approved a “Crypto Asset Investment Policy”, which provides for the allocation of up to $1 billion of cash reserves into digital assets. At the first stage, the company plans to invest in Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), with the possibility of expanding the list in the future.
In a statement, the company’s Chief Operating Officer, Dr. Bürger, emphasized the long-term nature of the strategy: “We are not engaged in short-term trading or speculation. Instead, we view crypto assets as a store of value to hedge against macroeconomic uncertainty.”
See also: "Morgan Stanley to Launch Trading in Bitcoin, Ethereum, and Solana"
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