"Jiuzi Holdings is moving into the crypto space with a massive $1 billion investment policy. The company announced Wednesday that its board has formally approved a 'Crypto Asset Investment Policy,' authorizing up to $1 billion of cash reserves to be deployed into cryptocurrencies under a structured risk framework. The company said the new policy comes with strict guardrails. The board has capped potential purchases at $1 billion and, at least initially, will limit allocations to Bitcoin and other crypto."
"Buerger, described by the firm as an industry veteran with decades of experience across blockchain and artificial intelligence, will oversee strategy, governance, and execution of the new treasury program. "We are not engaging in short-term trading or speculation; rather, we view crypto assets as long-term stores of value to hedge against macroeconomic uncertainties," Dr Buerger said in a statement. The move places Jiuzi among a growing list of companies experimenting with holding bitcoin on their balance sheets."
Jiuzi Holdings approved a Crypto Asset Investment Policy authorizing deployment of up to $1 billion of cash reserves into cryptocurrencies under a structured risk framework. The policy establishes strict guardrails, caps purchases at $1 billion, and initially limits allocations to Bitcoin and other crypto, with any expansion requiring additional board approval. Holdings will not be self-custodied; third-party providers judged top tier in security will be used. Oversight will be provided by a new Crypto Asset Risk Committee led by CFO Huijie Gao, with board reporting and SEC disclosures. The initiative follows the appointment of Dr. Doug Buerger as COO to lead strategy, governance, and execution.
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