Jiuzi Holdings Invests $1 Billion in Bitcoin: Shifting Focus to Digital Assets

Jiuzi Holdings, Inc. has unveiled a bold plan to acquire Bitcoin for $1 billion, marking a significant shift from their traditional automotive business and signifying a strategic investment in the growing digital asset sector. The acquisition is expected to commence within two weeks, led by CEO Tao Li, who underscores his confidence in the company’s ability to deliver long-term value. This move echoes previous strategies undertaken by companies like MicroStrategy and Tesla, which significantly impacted Bitcoin prices, prompting a wave of similar investments in the cryptocurrency market.