JZXN Raises Capital via Convertible Notes to Buy Bitcoin
JZXN Holdings, Inc. (NASDAQ: JZXN), a China-based firm that gives vitality batteries and EV, has introduced that its board of administrators has accredited a plan to boost capital by means of the issuance of convertible notes. The funds can be used to amass 23.5 Bitcoins as a part of the corporate’s beforehand introduced “Thousand Cash Plan,” which was launched on Could 22, 2025. The acquisition can be carried out by JZXN’s U.S. subsidiary and marks the corporate’s entry into digital asset holdings.
The corporate confirmed that investor agreements and funding phrases have been finalized. The preliminary Bitcoin acquisition represents step one in a broader technique to step by step construct a strategic reserve of 1,000 Bitcoins. JZXN views Bitcoin as a blockchain-based asset with decentralized structure, transparency, and security measures, providing an alternate choice for asset diversification.
JZXN acknowledged that the convertible observe issuance aligns with its long-term asset administration targets and present market situations. The corporate additionally famous that it’ll adjust to all relevant legal guidelines and regulatory necessities within the deployment of capital. It plans to take care of a cautious funding method whereas growing publicity to digital belongings.
With this transfer, JZXN expands its operations into the digital economic system. The corporate considers Bitcoin a core asset inside the digital ecosystem and a part of a broader effort to diversify its portfolio and handle funding dangers.
Picture: Freepik
