Jiuzi Holdings plans to expand its private placement financing to $1 billion to support the development of its crypto asset business.
Jinse Finance reported that Nasdaq-listed company Jiuzi Holdings has announced the signing of Memorandums of Understanding (MOUs) with several institutional investors, with plans to expand its private fundraising scale to 1 billion USD. The funds raised will reportedly be used to support the company's crypto asset business development, including building secure custody infrastructure and innovative storage solutions.
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