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Jiuzi Holdings is moving into the crypto space with a massive $1 billion investment policy.\u00a0<\/p>\n
The company announced Wednesday that its board has formally approved a \u2018Crypto Asset Investment Policy,\u2019 authorizing up to $1 billion of cash reserves to be deployed into cryptocurrencies under a structured risk framework.<\/p>\n
The company said the new policy comes with strict guardrails. The board has capped potential purchases at $1 billion and, at least initially, will limit allocations to Bitcoin and other crypto.<\/p>\n
Any expansion into other digital assets would require additional board approval. The company also stressed it will not self-custody<\/a> its holdings, instead relying on third-party providers it deems top tier in security.\u00a0<\/p>\n Oversight will be handled by a newly formed Crypto Asset Risk Committee, led by CFO Huijie Gao, with updates to be reported to the board and disclosed through SEC filings.<\/p>\n The decision comes just one day after the company appointed<\/a> Dr. Doug Buerger as Chief Operating Officer to lead the initiative.\u00a0<\/p>\n Buerger, described by the firm as an industry veteran with decades of experience across blockchain and artificial intelligence, will oversee strategy, governance, and execution of the new treasury program.<\/p>\n \u201cWe are not engaging in short-term trading or speculation; rather, we view crypto assets as long-term stores of value to hedge against macroeconomic uncertainties,\u201d Dr Buerger said in a statement.<\/a>\u00a0<\/p>\nBitcoin as a market position<\/h2>\n