Jiuzi Holdings Inc. Secures 100 Bitcoin via Private Placement to Advance Blockchain R&D and Digital Asset Custody Platform
Reuters
Oct 13
Jiuzi Holdings Inc. Secures 100 Bitcoin via Private Placement to Advance Blockchain R&D and Digital Asset Custody Platform
Jiuzi Holdings Inc. $(JZXN)$ has completed a cryptocurrency-denominated private placement transaction, raising capital with a total consideration settled in 100 Bitcoin. The funds from this transaction will be allocated to two key strategic initiatives: constructing an intelligent digital asset custody platform and developing advanced encrypted storage systems. This move signals Jiuzi Holdings' push into blockchain technology and digital financial services, with a focus on secure multiparty computation and zero-knowledge proofs. The announcement has been met with a positive market response, as reflected in the company's rising share price.
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