Jiuzi Holdings Partners with SOLV Foundation on Bitcoin Initiative

Jiuzi Holdings, Inc., a Nasdaq-listed company, has announced a partnership with the SOLV Foundation. The collaboration focuses on a $2.8 billion total value locked Bitcoin initiative. The goal is to enhance Jiuzi's crypto treasury strategy by utilizing Bitcoin as its primary digital asset.

The agreement involves using SOLV's platform to optimize Bitcoin holdings efficiency. This will be managed under the oversight of approved third-party custodians. A new Steering Committee from both companies will explore innovative Bitcoin-centric decentralized finance models. Their efforts aim to increase the adoption of SolvBTC across various networks.

This partnership positions Jiuzi Holdings as a Bitcoin-focused financial firm, aiming to consolidate its reserves under a regulated framework while adhering to SEC regulations and Nasdaq requirements. The initiative represents a strategic move toward secure institutional participation in cryptocurrency markets.