Jiuzi Holdings, Inc. (JZXN.US) joined forces with the SOLV Foundation to position itself in Bitcoin assets, causing a significant increase in stock price before the market opened.

On October 27th (Monday) local time, Jiuzi Holdings, Inc. (JZXN.US) officially announced a strategic cooperation agreement with the SOLV Foundation, demonstrating the company's ambition to create a Bitcoin main reserve. According to the agreement, the SOLV Foundation, as a cross-chain Bitcoin staking and structured finance platform, currently manages assets with a total locked value of $2.8 billion. The two parties will deepen the efficient use of Bitcoin assets through this cooperation. The core mechanism of this cooperation is that the Bitcoin assets held by Jiuzi Holdings, Inc. and its subsidiaries will be deposited into the SOLV platform by a regulated third-party custody institution designated by the company, ensuring full transparency, security, and institutional-level auditability from custody to operations. This is aimed at improving the capital efficiency of Jiuzi Holdings, Inc.'s Bitcoin holdings and providing shareholders with institutional-level Bitcoin exposure within a compliant framework. To drive financial innovation in the Bitcoin ecosystem, senior representatives from both parties will jointly establish a steering committee to lead a series of transformative initiatives. The committee will focus on three main areas: promoting the adoption and expansion of SolvBTC on Solana, Base, and other public chain networks; exploring the development of tokenized real-world assets and structured income products to enrich decentralized finance (DeFi) applications centered around Bitcoin; and promoting market expansion and ecosystem synergy to build a more open encrypted financial ecosystem. Both parties have made it clear that the cooperation will strictly adhere to principles of transparent governance and comply with regulations of the U.S. Securities and Exchange Commission (SEC) and Nasdaq listing requirements. The market has reacted positively to this strategic cooperation, with Jiuzi Holdings, Inc.'s pre-market stock price rising sharply by 15.42% to $0.420 as of the time of writing.