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Jiuzi Holdings Raises $80 Million Through Rights Offering to Build a Crypto Asset Treasury
Svmuu News Nasdaq Listed company Jiuzi Holdings announced that it has reached and signed an investment agreement with a strategic investor, which will subscribe to 40 million shares of common stock at a price of $2 per share, for a total investment of $80 million.The first tranche of investment funds has already been settled. The new capital will be used to expand cash reserves to support the establishment of a crypto asset treasury and the formulation of asset allocation strategies. The treasury is expected to include a variety of cryptocurrencies, such as Bitcoin, Ethereum, and stablecoins. (Globenewswire)
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