Chinas Jiuzi Holdings, Inc., the Nasdaq-listed company better known for building charging infrastructure for electric vehicles, said in a press release that its board of directors has formally adopted a crypto asset investment policy authorizing up to $1 billion in allocations.
The move comes after it recently appointed industry-renowned Dr Doug Buerger as chief operating officer.
The company said that the policy is a long-term play to protect shareholder value. Adopting the Crypto Asset Investment Policy represents a proactive step in our treasury management to safeguard and enhance long-term shareholder value, chief executive officer Tao Li said in the announcement. We are delighted to have an experienced specialist like Dr. Doug Buerger leading this program.
Source link:
https://www.cryptopolitan.com/jiuzi-holdings-1-billion-crypto-treasury/
This Chinese company, Jiuzi, has given the most importance to Bitcoin, its vehicle manufacturing and trading companies have definitely given priority to Bitcoin for it in the future. And they want to create a future design with this Bitcoin, to be economically self-sufficient, they have taken steps to eliminate their economic deficiencies by holding this Bitcoin for a long time. I definitely respect their policy because after they approved Bitcoin, they have become more active, if they have the ability to succeed in the future. And later they will pave their way more with this Bitcoin.