Listed car dealer Jiuzi New Energy plans to purchase 1000 bitcoins in the next year

According to a report by American News Agency, the board of directors of Chinese car dealer Jiuzi New Energy (NASDAQ: JZXN) has approved a Bitcoin reserve plan, intending to purchase 1000 bitcoins in the next year through a combination of issuing shares and cash. The company stated that this move aims to optimize asset structure and leverage the market liquidity and appreciation potential of Bitcoin to achieve risk hedging. According to the announcement, the acquisition funds will be raised through timely issuance of additional shares, combined with self owned funds and potential external financing. JZXN believes that incorporating Bitcoin into a company's asset portfolio can not only effectively diversify investment risks, but also bring potential long-term returns to the company.