Jiuzi (JZXN) said Thursday that its board approved a plan to acquire 1,000 bitcoins over the next year through a dual-track approach involving both additional stock issuance and cash purchases.
The company expects to finance the acquisitions through a mix of new stock issuance and cash purchases, with the possibility of including external financing, Jiuzi said.
Shares were down 5.6% in early trading.
Price: 2.72, Change: -0.16, Percent Change: -5.56
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