TechFlow, on September 24, according to PRNewswire, Jiuzi Holdings, Inc. (NASDAQ: JZXN), a publicly listed company on Nasdaq, announced that its board of directors has formally approved and adopted a digital asset investment policy. The policy authorizes the company to allocate a portion of its cash reserves into selected digital assets within a prudent risk management framework, with a maximum deployment limit of $1 billion.
Under the policy framework, initial investments will be limited to Bitcoin (BTC), Ethereum (ETH), and BNB. Expansion to other assets in the future will require re-evaluation and approval by the board's risk committee. The company will not self-custody any purchased digital assets and has established a "Digital Asset Risk Committee" led by Chief Financial Officer Huijie Gao to oversee policy implementation.
