Juizi Holdings Authorizes $1 Billion Crypto Treasury, Stock Rises 25%

Juizi Holdings has authorized a $1 billion allocation towards a cryptocurrency treasury. The funds will be invested in Bitcoin, Ethereum, and BNB, with potential expansion subject to board approval. A "Crypto Asset Risk Committee" under CFO Huijie Gao will oversee the investments, and Juizi will not self-custody its crypto assets.

  • New COO Doug Buerger will lead the initiative.
  • Buerger stated that Juizi views crypto as long-term value stores to hedge against macroeconomic uncertainties.

The announcement led to an 80% weekly increase in Juizi's stock (JZXN), spiking up to 26% over a 24-hour period.

Juizi Holdings (JZXN) stock performance

This move aligns with a trend of companies adopting cryptocurrency reserves:

  • Strive Inc. merged with Semler Scientific, forming the 14th largest public Bitcoin holder.
  • Kyrgyzstan is advancing legislation for a state cryptocurrency reserve.
  • The Philippines proposed creating a national Bitcoin reserve with plans for annual BTC purchases.