Jiuzi Holdings Introduces Crypto Investment Policy Under New COO Doug Buerger

In a strategic move aimed at enhancing shareholder value, Jiuzi Holdings, Inc. has announced the formal approval of a new Crypto Asset Investment Policy, allowing the allocation of up to $1 billion for selective cryptocurrency investments. This decision comes shortly after the appointment of Dr. Doug Buerger as Chief Operating Officer (COO), a renowned expert in the cryptocurrency field.

Overview of the Policy

The board's approval signifies a pivotal step in Jiuzi's approach to treasury management and positions the company to strategically manage its cash reserves within a prudent risk framework. CEO Tao Li expressed enthusiasm about this initiative, highlighting the importance of having a knowledgeable leader like Dr. Buerger at the helm to navigate these investments.

Key Components of the Investment Policy

1. Authorized Investment Cap: The Board has set a limit of $1 billion for crypto asset purchases, ensuring that investments are made while controlling risk exposure.
2. Selective Asset Criteria: Initially, the focus will be on major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The introduction of any new digital assets will require approval from the Risk Committee, safeguarding against undue risk.
3. Custody Standards: Unlike some companies that self-custody their crypto, Jiuzi will employ top-tier custody solutions to ensure the safety of their investments.
4. Governance Structure: Oversight will be provided by a newly formed Crypto Asset Risk Committee led by CFO Huijie Gao, ensuring comprehensive governance and regular reporting to the Board.

Dr. Doug Buerger, in his newly appointed capacity as COO, remarked on the initiative’s significance. He emphasized that Jiuzi's approach isn't about short-term speculation; instead, it’s a strategy to utilize cryptocurrencies as long-term stores of value, particularly important in the face of macroeconomic uncertainties.

Future Outlook and Transparency

Jiuzi Holdings plans to maintain transparency with stakeholders, ensuring that updates regarding any notable investments will be shared promptly via Form 6-K filings with the SEC.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. stands as a leading provider of intelligent charging infrastructure for new energy vehicles across China's Tier 3–4 cities. The company concentrates on deploying high-powered DC fast chargers integrated with energy storage over the coming years. Their commitment to sustainability aligns with China's carbon neutrality goals and the advancement of transportation in a greener direction.

Closing Thoughts

As Jiuzi enters this new phase under Dr. Buerger's leadership, it sets a precedent for other companies’ digital currency strategies, potentially reshaping how firms manage their assets in the rapidly evolving digital economy. The ripple effects of these decisions could have significant implications for investors and the cryptocurrency landscape as a whole. For more details on Jiuzi Holdings, visit jzxn.com.