Jiuzi Holdings shares surge 16.79% intraday after announcing 10,000 BTC acquisition via equity swap.

Jiuzi Holdings surged 16.79% intraday following the announcement of acquiring 10,000 Bitcoin (BTC) in a stock-for-asset swap with a digital asset whale. The deal, valued at approximately $1 billion, positions the company as a major Bitcoin holder, enhancing its balance sheet and diversifying exposure beyond its electric vehicle core. The transaction allows Jiuzi to secure crypto reserves without liquidity strain, aligning with broader trends of firms leveraging Bitcoin as a hedge against business volatility. The move, first reported on March 8, 2026, triggered a 78% surge in prior sessions and continued to drive momentum as traders interpreted the strategy as a long-term positioning in digital assets. The intraday rally reflects market confidence in Jiuzi’s pivot to institutional-grade crypto holdings, solidifying its status among top publicly traded Bitcoin owners.