$1B Crypto Plan Announced as Jiuzi Shares Spike to 55.5%

Jiuzi Holdings Inc. (NASDAQ: JZXN) stock exploded 55.5% in premarket trading Wednesday following the company's groundbreaking announcement of a $1 billion cryptocurrency investment strategy. The Chinese New Energy Vehicle retailer and franchisor is making a bold pivot into the digital asset space, signaling growing institutional adoption of Bitcoin and blockchain technology.

This massive crypto allocation represents one of the largest corporate cryptocurrency investments announced by a publicly-traded company in recent months. The surge in JZXN shares demonstrates strong investor confidence in the convergence of traditional automotive business models with decentralized finance (DeFi) and digital assets.

Jiuzi's $1 billion crypto plan positions the NEV company at the forefront of the cryptocurrency revolution, potentially diversifying revenue streams beyond electric vehicle retail operations. The dramatic premarket price movement reflects broader market enthusiasm for companies embracing Bitcoin and blockchain innovation.

This strategic cryptocurrency investment could establish Jiuzi as a pioneer in combining sustainable transportation with digital asset management, appealing to both ESG-focused and crypto-savvy investors seeking exposure to emerging financial technologies.