Chijet Motor shares surge 33.33% premarket after digital asset holdings exceed $400 million.

Chijet Motor (NASDAQ: CJET) surged 33.33% in premarket trading following its announcement that digital asset treasury holdings have surpassed $400 million in value, with the company acquiring 100 million tokens as part of a strategic initiative. The move, described by CEO Melissa Chen as a milestone in diversification, aims to enhance long-term shareholder value through treasury innovation and blockchain ecosystem participation. The company reiterated plans to continue disciplined accumulation of digital assets aligned with its capital allocation strategy. This development underscores Chijet’s pivot into digital assets as a complementary revenue stream to its automotive operations, generating optimism among investors about its financial flexibility and forward-looking strategy.