JIUZI Holdings expands private placement to $1 billion from $12 million

Jiuzi Holdings, Inc. (NASDAQ: JZXN) signed a memorandum of understanding with institutional investors to increase its private placement financing to $1 billion from a previously disclosed $12 million plan announced October 7, 2025, according to a company statement.

The expansion represents an 80-fold increase in committed capital. The company stated the funds will support development of its crypto asset business, including secure custody infrastructure and storage solutions as part of its strategic transformation into crypto asset services.

"The strong trust placed by investors validates our strategic vision and execution capabilities," said CEO Tao Li. "This substantial additional capital provides us with significant financial flexibility to build secure crypto asset custody infrastructure and pursue strategic acquisition opportunities within the rapidly evolving crypto asset storage ecosystem."

The company described the expansion as highlighting institutional investor confidence in its shift toward crypto asset services. Jiuzi stated this transformation will enable it to capitalize on market demand for crypto asset services.

The information is based on a company press release issued December 12, 2025.

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