Jiuzi Holdings Expands Crypto Ambitions with $1 Billion Private Placement
Jiuzi Holdings, Inc. (Nasdaq: JZXN) has dramatically scaled its private placement commitment to $1 billion, an 80-fold increase from its original $12 million October 2025 plan. The Chinese firm's pivot to crypto asset services attracted strong institutional demand, signaling confidence in its infrastructure buildout for digital asset custody and storage solutions.
CEO TAO Li framed the capital infusion as validation of Jiuzi's strategic shift toward crypto's institutional adoption wave. The funds will target secure custody technology and potential acquisitions in the storage ecosystem—a sector gaining urgency as regulators globally tighten oversight of digital asset safeguards.