Jiuzi Holdings Bets Big on Bitcoin with 1,000 BTC Acquisition
Nasdaq-listed Jiuzi Holdings, a Chinese electric vehicle retailer, has announced a strategic pivot toward digital assets with plans to acquire 1,000 Bitcoin over the next year. This bold move signals growing institutional confidence in Bitcoin’s long-term value proposition. The company will fund the purchase through a combination of stock issuance and cash reserves, with board approval underscoring their commitment to this new direction. At the time of writing, Bitcoin’s price stands at 111,503.21 USDT, reflecting the ongoing institutional interest in the cryptocurrency. This development highlights the increasing adoption of Bitcoin by traditional corporations as a store of value and strategic asset.
Jiuzi Holdings Announces Strategic Pivot with 1,000 BTC Acquisition
Nasdaq-listed Jiuzi Holdings, a Chinese electric vehicle retailer, revealed plans to acquire 1,000 bitcoin over the next year. The move marks a significant shift in corporate strategy toward digital assets.
The company will fund the purchase through a combination of stock issuance and cash reserves, signaling institutional confidence in Bitcoin’s long-term value proposition. Board approval underscores Jiuzi’s belief in blockchain technology’s potential and its commitment to asset diversification.
Jiuzi operates retail outlets for new energy vehicles across China’s lower-tier cities. This foray into cryptocurrency mirrors growing corporate treasury adoption trends, particularly among forward-looking enterprises.
Strategy Aims to Raise $2.1 Billion via STRF Offering to Expand Bitcoin Holdings
Strategy, formerly known as MicroStrategy, announced plans to raise $2.1 billion through the sale of its Series A Perpetual Strife Preferred Stock (STRF). The offering will be conducted under an at-the-market (ATM) program, enabling the company to sell shares incrementally based on favorable market conditions.
Proceeds from the stock sales are earmarked for Bitcoin acquisitions and general corporate purposes. TD Securities, Barclays Capital, and The Benchmark Company have been appointed to manage the offering. STRF shares currently trade at $100.65 on the Nasdaq Global Select Market.
The MOVE underscores Strategy’s continued commitment to Bitcoin as a core holding. This capital raise follows the company’s established pattern of using equity markets to fund cryptocurrency investments.
Bitcoin Surges Past $111K as CZ Comments on Early Sellers
Bitcoin’s price soared beyond $111,000, marking a significant milestone that has reignited discussions across the cryptocurrency market. Former Binance CEO Changpeng Zhao (CZ) weighed in on the rally, expressing sympathy for investors who sold their holdings below $77,000. "I feel bad for anyone who exited too early," Zhao remarked, emphasizing his long-term bullish stance.
El Salvador’s Bitcoin treasury has now accrued 132% in unrealized profits, further validating the nation’s controversial adoption strategy. Analysts project even greater upside, with some predicting Bitcoin could breach $250,000 by 2025 as institutional adoption accelerates.
MicroStrategy Announces $2.1 Billion Preferred Stock Offering to Fund Additional Bitcoin Purchases
MicroStrategy, the enterprise software firm turned Bitcoin acquisition vehicle, has unveiled plans to sell up to $2.1 billion in preferred stock to fuel its ongoing cryptocurrency accumulation strategy. The Virginia-based company will issue Series A preferred shares through an at-the-market offering program, with proceeds earmarked for purchasing additional Bitcoin.
The move marks MicroStrategy’s latest effort to institutionalize Bitcoin as a Core treasury asset. Under executive chairman Michael Saylor’s leadership, the company has transformed into a de facto Bitcoin proxy for traditional investors, amassing over 214,000 BTC worth approximately $13.5 billion at current prices.
Market observers note the preferred stock offering follows MicroStrategy’s established playbook of leveraging capital markets to expand its Bitcoin holdings. The company previously raised $1.6 billion through convertible debt offerings in March 2024, demonstrating continued demand for Bitcoin-correlated securities among institutional investors.
Bitcoin Pizza Day: The $1.1 Billion Transaction That Shaped Crypto History
May 22nd holds legendary status in cryptocurrency lore. On this day in 2010, programmer Laszlo Hanyecz exchanged 10,000 BTC for two pizzas—marking Bitcoin’s first documented commercial transaction. At current prices NEAR $111,800 per BTC, that meal now carries a staggering $1.1 billion valuation.
The Pizza Day transaction demonstrated Bitcoin’s potential as a medium of exchange, despite its then-nascent status. Hanyecz reportedly spent over 79,000 BTC on pizza deliveries that summer—a sum worth $8.7 billion today. These transactions occurred years before major exchanges like Binance or Coinbase provided liquidity infrastructure.
Fifteen years later, the event remains a cultural touchstone. It illustrates both cryptocurrency’s volatility and its transformative potential—where a casual purchase could inadvertently become a generational wealth transfer. The BTC involved now represents 0.05% of Bitcoin’s total 21 million supply cap.
