Jiuzi Holdings announces $40M commitment from crypto investment institutions

Jiuzi Holdings (JZXN) entered into strategic arrangements with several Crypto-focused investment institutions, pursuant to which the investors will contribute Crypto assets valued at approximately $40M to the Company at a price not lower than $1.50 per share, to support the Company’s global business strategy and Crypto-related initiatives. The company said, “The participating strategic partners are leading institutions specializing in blockchain infrastructure, Crypto asset management, and the development of decentralized ecosystems. These institutions have extensive experience in Crypto asset management, the evolution of Crypto markets, and the innovative applications of decentralized finance. They also hold significant influence in global markets and will provide Jiuzi Holdings with the necessary capital, technical collaboration, and market expansion resources to further enhance its operations worldwide.”