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Jiuzi Holdings plans $1 billion cryptocurrency acquisition program
Jiuzi Holdings Inc. (NASDAQ: JZXN) announced implementation details for its $1 billion capital plan, with initial cryptocurrency purchases expected to begin within two weeks, according to a company statement. The electric vehicle charging infrastructure provider said it intends to raise funds through multiple sources including market financing, additional commitments from existing shareholders, operational revenue, and institutional investor participation. The company reported receiving positive investment intentions from institutional investors, long-term value investors, and strategic partners. "We are ... (full story)
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