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Jiuzi New Energy has completed a private sale of 100 Bitcoins, which will be used for the development of a digital asset custody platform.
ChainCatcher news, Nasdaq-listed company Jiuzi Energy (NASDAQ: JZXN) announced the completion of a private sale financing transaction conducted in the form of cryptocurrency, raising a total of 100 Bitcoins. The company stated that the funds from this financing will be specifically used for two strategic focuses: building a smart technology-driven digital asset custody platform and developing a cutting-edge technology-based encryption storage system. These initiatives aim to enhance JZXN's infrastructure service capabilities in the digital economy era. Jiuzi Energy CEO Tao Li stated: “The Bitcoin funds obtained will be used for research and development activities of blockchain foundational technologies, particularly secure multi-party computation and zk-SNARKs technology, serving as the foundation for a new generation of digital financial service platform.”