Jiuzi Holdings Approves $1 Billion Cryptocurrency Investment Strategy

In a significant move for the future of its investment strategy, Jiuzi Holdings, Inc. (NASDAQ: JZXN) recently announced the approval of a policy that allows the company to invest up to $1 billion in selected cryptocurrency assets. This decision comes on the heels of the appointment of Doug Buerger, a recognized cryptocurrency expert, as the new Chief Operating Officer.

The board of directors at Jiuzi Holdings expects this strategic initiative to not only manage its cash reserves effectively but also to enhance shareholder value over the long term. Tao Li, the CEO, emphasized that the adoption of this policy underscores the company’s proactive cash management approach. Li expressed enthusiasm for having Buerger at the helm of this critical program, indicating the importance of expert leadership in navigating the evolving landscape of digital currencies.

Key Components of the Cryptocurrency Investment Policy

The investment policy includes several core principles aimed at prudent risk management:
1. Investment Mandate and Cap: The board has authorized the company to deploy a maximum of $1 billion in cryptocurrency assets, ensuring controlled risk levels.
2. Rigorous Asset Selection Criteria: Initially, investments will be confined to well-established cryptocurrencies, specifically Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Any future addition of new assets will require reevaluation and approval by the board's risk management committee.
3. Strict Custody Standards: Jiuzi will not self-custody its acquired cryptocurrency assets, likely engaging third-party custodians for added security.
4. Professional Governance Structure: A newly established “Cryptocurrency Risk Management Committee,” led by CFO Huijie Gao, will oversee the execution of this policy and report regularly to the board, ensuring transparency and accountability in the investment process.

Doug Buerger commented on this initiative, noting how beneficial it is to lead such an innovative effort within a forward-thinking team. He made it clear that the goal is not to engage in short-term speculation but to view cryptocurrencies as long-term value reserves that can act as a hedge against macroeconomic uncertainties.

Jiuzi Holdings is committed to transparency and will disclose all relevant information regarding its cryptocurrency investments through filings with the Securities and Exchange Commission (SEC). This commitment to disclosure reflects the company’s dedication to maintaining shareholder trust and adhering to regulatory requirements.

Overview of Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. is recognized as a leading provider of smart charging infrastructure for new energy vehicles in lower-tier Chinese cities. The company specializes in high-power DC fast chargers (ranging from 80 kW to 160 kW) integrated with energy storage capabilities. Jiuzi Holdings aims to continue expanding its smart charging stations until 2026, contributing to China's carbon neutrality goals and promoting sustainable transport solutions.

For more details about the company and its initiatives, visit jzxn.com.