Jiuzi Holdings Approves $1 Billion Crypto Investment Policy
- Jiuzi Holdings Inc. has approved a crypto asset policy allowing up to $1 billion in digital investments.
- The initial focus is on Bitcoin, Ethereum, and BNB. Further expansion requires board approval.
- External custodians will manage the holdings, with oversight by the CFO and a new Crypto Asset Risk Committee reporting to the board.
- The policy is intended as a reserve rather than for trading purposes.
- Jiuzi's “Thousand Coins Plan” aims to acquire 1,000 BTC within 12 months. An initial purchase of 23.5 BTC has been approved.
