Juizi Holdings Stock Surges Over 25% After Announcing $1B Bitcoin Treasury Plan

Chinese EV technology firm Juizi Holdings’ board has authorized the use of up to one billion dollars in company funds toward a cryptocurrency treasury. According to a Sept. 24 press release, Juizi’s treasury investments will be limited to Bitcoin , Ethereum , and BNB . Expansion to other coins is subject to board approval. The firm will also establish a “Crypto Asset Risk Committee” under CFO Huijie Gao and Juizi will not self-custody its acquired crypto assets. The company also brought new COO Doug Buerg ...