Chinese Automaker’s $100M Bitcoin Bet: The Start of a Corporate Crypto Boom?
Nasdaq-listed Jiuzi Holdings plans to buy 1,000 Bitcoins, signaling a bold shift into crypto. This move could spark a wave of corporate Bitcoin adoption. Is your portfolio ready for the ripple effects?
On May 22, 2025, Jiuzi Holdings, a Chinese electric vehicle retailer listed on Nasdaq (JZXN), announced a game-changing plan to acquire 1,000 Bitcoins over the next year, valued at roughly $100 million at current prices. This strategic pivot, approved by its board, will be funded through a mix of new stock issuance and cash reserves, reflecting growing corporate confidence in Bitcoin as a long-term asset.
Jiuzi’s move aligns with a trend of public companies like MicroStrategy and Metaplanet, which have amassed significant Bitcoin holdings to diversify portfolios and hedge against inflation. Bitcoin’s recent rally past $110,000, driven by institutional interest and pro-crypto policies under the Trump administration, likely fueled this decision. The company aims to leverage blockchain’s potential, diversifying beyond its core EV business amid volatile market conditions.
For new investors, this signals Bitcoin’s growing legitimacy as a corporate treasury asset. However, Jiuzi’s stock swung wildly, surging 13.8% pre-market but dropping 11% later, showing market uncertainty. While this could boost Bitcoin’s value and inspire other firms, risks like price volatility and regulatory shifts remain. Investors should watch how Jiuzi’s gamble unfolds and consider diversified crypto strategies.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
