PANews reported on March 6 that, according to Globenewswire, Nasdaq-listed Jiuzi Holdings announced it has reached and signed an investment agreement with a strategic investment institution. The institution will subscribe to 40 million shares of Jiuzi Holdings' common stock at $2 per share, for a total investment of $80 million. The first tranche of investment has been completed. The new funds will be used to expand cash reserves to support the construction of a crypto asset treasury and the development of asset allocation strategies. The treasury is expected to include various cryptocurrencies such as Bitcoin, Ethereum, and stablecoins.