Jiuzi Holdings shares surge 21.37% premarket after announcing $1B Bitcoin acquisition and strategic partnership.

Jiuzi Holdings surged 21.37% in premarket trading after announcing a planned $1 billion acquisition of 10,000 Bitcoin from a global digital asset institution. The transaction, part of a broader strategic partnership, aims to expand the company’s digital asset reserves and reinforce its positioning in the cryptocurrency market. Jiuzi described the move as a strategic allocation to enhance financial flexibility and long-term shareholder value, aligning with its broader strategy to deepen participation in global crypto infrastructure. The acquisition remains subject to regulatory compliance and final agreements but signals a significant step in the company’s treasury management approach.