Jiuzi New Energy announced plans to acquire 10,000 bitcoins for $1 billion

According to Globenewswire, the U.S. listed Chinese company Jiuzhi New Energy (Nasdaq: JZXN) announced a $1 billion plan to acquire 10,000 bitcoins from strategic investors to strengthen its global cryptocurrency partnerships.

It is worth noting that Tradingview data shows the company's market value is only $1.18 million.

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