cryptonews.net
JZXN Holdings, Inc. (NASDAQ: JZXN), a China-based company that offers energy batteries and EV, has announced that its board of directors has approved a plan to raise capital through the issuance of convertible notes. The funds will be used to acquire 23.5 Bitcoins as part of the company’s previously announced “Thousand Coins Plan,” which was introduced on May 22, 2025. The purchase will be carried out by JZXN’s U.S. subsidiary and marks the company’s entry into digital asset holdings.
The company confirmed that investor agreements and funding terms have been finalized. The initial Bitcoin acquisition represents the first step in a broader strategy to gradually build a strategic reserve of 1,000 Bitcoins. JZXN views Bitcoin as a blockchain-based asset with decentralized architecture, transparency, and security features, offering an alternative option for asset diversification.
JZXN stated that the convertible note issuance aligns with its long-term asset management goals and current market conditions. The company also noted that it will comply with all applicable laws and regulatory requirements in the deployment of capital. It plans to maintain a cautious investment approach while increasing exposure to digital assets.
With this move, JZXN expands its operations into the digital economy. The company considers Bitcoin a core asset within the digital ecosystem and part of a broader effort to diversify its portfolio and manage investment risks.
Image: Freepik