Jiuzi Holdings, Inc. (JZXN) completed a $60 million equity financing on February 12, 2026 by issuing 40 million ordinary shares at $1.50 each. The capital was received in the form of equivalent crypto assets, a structure that aligns the company’s investors with its Digital Asset Treasury (DAT) strategy.
The financing is a key step in Jiuzi’s plan to acquire 1,000 Bitcoin over the next year, part of a $1 billion crypto‑treasury policy approved in September 2025. The company will not self‑custody the digital assets, instead relying on third‑party custodians to manage the holdings.
Jiuzi’s financials have been under pressure: trailing 12‑month earnings of –$44.0 million (ending April 30, 2025) and a fiscal‑year 2024 loss of –$59.1 million (ending October 31, 2024). The new‑energy vehicle (NEV) business, which had been the company’s core revenue driver, has seen declining revenues and profitability, prompting the pivot to a digital‑asset‑focused treasury.
Management has framed the move as a safeguard for long‑term shareholder value. CEO Tao Li has stated that the crypto‑asset investment policy is intended to "safeguard and enhance long‑term shareholder value," while COO Dr. Doug Buerger has described the assets as "long‑term stores of value to hedge against macroeconomic uncertainties." The equity raise dilutes existing shareholders but provides the liquidity needed to execute the strategy without a large cash outlay.
Prior to this transaction, Jiuzi had secured a $40 million investment in crypto assets in early February 2026, a $30 million investment from Xinhui Solar Technology Group to expand its EV‑charging infrastructure in Southeast Asia, and a planned $90 million investment from Morgan International Finance announced in January 2026. The company is incorporated in the Cayman Islands and has its principal executive offices in Hangzhou, China.
The $60 million raise is significant for a company with a market capitalization of only $3.59 million. It represents a material expansion of capital, shifts the company’s risk profile toward digital‑asset exposure, and signals management’s confidence in the long‑term value of Bitcoin holdings, while also raising concerns about dilution and the company’s ability to maintain profitability in a volatile crypto market.
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