Nasdaq EV Firm Jiuzi Aims for $1B Bitcoin Acquisition

Nasdaq-listed Chinese electric vehicle (EV) maker Jiuzi has made headlines with its plans to acquire a significant amount of Bitcoin. According to reports, the company is set to purchase 10,000 BTC in exchange for equity, a move that could potentially place Jiuzi among the top public companies holding Bitcoin.

The deal, which involves no cash transactions, would see Jiuzi's balance sheet boosted by the addition of a substantial amount of cryptocurrency. This development comes as part of Jiuzi's efforts to diversify its portfolio and reduce its reliance on traditional markets.