Jiuzi New Energy Approves $1 Billion Crypto Investment Policy

2025-09-24 19:29

Jiuzi New Energy, a Chinese auto dealer listed on NASDAQ, has announced the approval of a new investment policy allowing the deployment of up to $1 billion into cryptoassets. The board of directors has set a framework to manage risk, initially focusing on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Future expansions to other cryptoassets will require further board approval. The policy emphasizes strict asset selection criteria and mandates that the company will not hold custody of the acquired cryptoassets. A dedicated "Cryptoasset Risk Committee" will oversee the policy's implementation and report to the board, ensuring professional oversight and governance.

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