Jiuzi Holdings Expands Private Placement to $1 Billion Amid Investor Demand

Jiuzi Holdings, Inc., listed on Nasdaq as JZXN, has announced an expansion of its private placement financing to $1 billion. This substantial increase follows a Memorandum of Understanding with several institutional investors, reflecting strong confidence in Jiuzi's strategic move into the crypto asset services sector. Originally, the capital raise was set at $12 million.

The funds will be channeled into developing the company's crypto asset business. Key areas of investment include building secure custody infrastructure and innovative storage solutions, essential to meet the rising demand in the crypto market.

CEO Tao Li emphasized that this new capital infusion grants Jiuzi financial flexibility to construct necessary infrastructure and explore strategic acquisitions, aligning with the evolving crypto asset storage landscape.