Street Calls of the Week
Investing.com -- Chijet Motor Company, Inc. (NASDAQ:CJET) stock surged 80% premarket Friday following the appointment of Jason Miller as Chief Operating Officer to lead the company’s transition into digital currency integration.
The newly appointed COO will spearhead Chijet’s plans to incorporate major cryptocurrencies including Bitcoin, Ethereum, and Solana into its balance sheet. Miller brings over two decades of leadership experience in blockchain, digital identity, and emerging technologies to the role.
Chijet has outlined a roadmap for its Digital Currency Treasury Strategy, with plans to complete initial acquisitions of Bitcoin and Ethereum by the fourth quarter of 2025, followed by launching a comprehensive treasury management framework in the first quarter of 2026.
"Jason’s breadth of experience in blockchain strategy and execution makes him the ideal leader to accelerate our transformation," said Melissa Chen, CEO of Chijet. The company anticipates establishing a presence in digital asset custody and wallet services under Miller’s leadership.
Miller stated, "The institutional adoption wave is here, and companies that move decisively into digital asset treasury management are being rewarded with extraordinary shareholder returns." He added that Chijet has the opportunity to become a major player in corporate Bitcoin strategy.
The company’s strategic pivot comes amid increasing institutional adoption of digital assets, with Chijet aiming to enhance financial resilience and optimize asset allocation through participation in the decentralized finance ecosystem.
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