**Chinese Automotive Company Plans to Purchase 1,000 Bitcoins**

Jiuzi Holdings Inc. (JZXN), a Chinese automotive company, has announced an ambitious plan to buy 1,000 units of bitcoin (BTC) over the next year. This strategy will be implemented through the issuance of new shares and direct purchases using cash funds.

This move is part of the company's strategy to diversify assets while leveraging the potential long-term value of Bitcoin.

The board of directors of this Hangzhou-based company has approved the plan as an effort to strengthen financial resilience amid the growing trend of digital currency adoption.

“Through this purchase, we hope the company's asset structure can become stronger, while also increasing resilience to risks and promoting sustainable profitability,” said the CEO of Jiuzi Holdings.

This news has immediately positively impacted JZXN's stock, which surged by 13.27% last Friday. Although not detailing the schedule for share issuance, the company emphasized their continued optimism about the future of blockchain technology.

*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*