Jiuzi Holdings, Inc. (Nasdaq: JZXN) announced the signing of a Memorandum of Understanding (MOU) with several institutional investors to expand its private placement to up to $1 billion. That marks an 80-fold increase from the original $12 million plan disclosed on October 7, 2025.
Institutional Backing for a Crypto Pivot
The Hangzhou-based company said the funds will support its crypto asset business, including building secure custody infrastructure and innovative storage solutions. CEO Tao Li stated: “The strong trust placed by investors validates our strategic vision and execution capabilities. This substantial capital provides significant financial flexibility to build secure crypto custody infrastructure and pursue strategic acquisition opportunities.”
From $12 Million to $1 Billion
Jiuzi, originally an auto dealer, is pivoting aggressively into crypto asset services — a sector where players like Coinbase and BitGo already dominate. The company did not name the participating institutions or disclose deal terms, but emphasized that the MOU reflects strong institutional confidence in its transformation.
Jiuzi also issued a safe harbor statement, warning that actual results could differ materially due to market volatility, regulatory changes, and other risks.
The news stirred discussion in crypto circles: institutional capital is reportedly funneling into legacy Asian companies pivoting to digital assets at an unprecedented scale. Jiuzi’s stock showed no immediate abnormal movement at press time.