09:48 AM EDT, 05/22/2025 (MT Newswires) -- Jiuzi ( JZXN ) said Thursday that its board approved a plan to acquire 1,000 bitcoins over the next year through a dual-track approach involving both additional stock issuance and cash purchases.

The company expects to finance the acquisitions through a mix of new stock issuance and cash purchases, with the possibility of including external financing, Jiuzi ( JZXN ) said.

Shares were down 5.6% in early trading.

Price: 2.72, Change: -0.16, Percent Change: -5.56