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Investing.com -- Jiuzi Holdings Inc (NASDAQ:JZXN) stock soared 17.3% in Monday’s premarket trading after announcing a strategic partnership with the SOLV Foundation, a Bitcoin staking platform with $2.8 billion in total value locked.
The Nasdaq-listed company will utilize SOLV’s platform to optimize its Bitcoin holdings as part of its strategy to build its treasury around Bitcoin as its primary digital asset. Under the agreement, Bitcoin assets held by Jiuzi or its subsidiaries will be deposited into the SOLV platform under custody by regulated third parties designated by the company.
The collaboration includes the formation of a Steering Committee with senior representatives from both organizations to develop Bitcoin-centric decentralized finance initiatives. This committee will focus on expanding the adoption of SolvBTC across networks including Solana and Base, while developing innovative financial models such as tokenized real-world assets.
"This partnership marks a transformative step forward, strengthening our Bitcoin vault strategy and aligning us with one of the most advanced platforms in the Bitcoin liquidity and staking ecosystem," said Li Tao, Chief Executive Officer of Jiuzi Holdings.
The companies emphasized that the partnership will operate under principles of transparency and compliance with SEC regulations and Nasdaq listing requirements, aiming to provide shareholders with institutional exposure to Bitcoin while enhancing capital efficiency within a regulated framework.
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