Jiuzi Holdings, based in Hangzhou, has received board approval for a new crypto treasury policy allowing for up to $1 billion in digital asset purchases. The initial focus of this plan is on Bitcoin, Ethereum, and BNB, with any additions requiring further board assessment. The company has stated it will not self-custody its assets but will use top-tier external providers for security. Oversight will be implemented through a newly established Crypto Asset Risk Committee led by CFO Huijie Gao, ensuring regular updates to the board and public disclosures via SEC Form 6-K filings. This announcement follows the appointment of Dr. Doug Buerger as COO, who emphasizes the firm’s view of crypto assets as a long-term hedge against macroeconomic risks. Jiuzi's CEO Tao Li underscored that this initiative aims to enhance and protect long-term shareholder value. Following the news, the company's stock saw a significant increase of over 40% in premarket trading.

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