Jiuzi Rolls Out US$1B Bitcoin Plan and SOLV Staking Deal Amid Two-Phase Share Consolidation

Introduction

JIUZI HOLDINGS INC (NASDAQ: JZXN) operates retail stores and franchise outlets under the “Jiuzi” brand to sell new energy vehicles (NEVs) in third‐ and fourth‐tier cities across China. Founded in 2017 and headquartered in Hangzhou, the company organizes its business into NEVs Sales and Franchise Services segments, offering battery‐operated electric vehicles sourced from more than twenty manufacturers.

Corporate Structure and Workforce

Jiuzi Holdings maintains a network of 51 franchised stores and one company‐owned outlet. While exact headcount figures are not publicly disclosed, the company’s operations require teams spanning sales, service, supply‐chain management, and franchise support. Leadership changes reported in October 2025 include the resignation of Mr. Shu Liu from the board and Audit Committee chair and the appointment of Mr. Pengyuan Li to those roles, alongside positions on the Compensation and Nomination Committees. As of October 21, 2025, Empery Asset Management, LP and affiliated persons hold 7.45% of outstanding shares.

Bitcoin Acquisition by Joshua Woroniecki

Recent Developments

• October 8, 2025: Jiuzi announced a phased rollout of a US$1 billion cryptocurrency acquisition plan, with the first tranche designated for a Bitcoin purchase. Funding sources include market financing, existing shareholder commitments, operational revenue, and institutional investments.
• October 17, 2025: An SEC Form 6-K filing detailed a board change effective October 16, 2025, with Mr. Pengyuan Li succeeding Mr. Shu Liu as director and Audit Committee chair.
• October 21, 2025: A Schedule 13G filing disclosed that Empery Asset Management, LP holds joint voting and dispositive power over 1,507,647 shares (7.45%).
• October 27, 2025: In separate announcements, the following were reported:
  • Share Consolidation Plan: Shareholders approved a two-phase consolidation. Phase I consolidates every 5 shares into 1 (par value increasing from $0.00039 to $0.00195); Phase II consolidates every 40 shares into 1 (par value increasing to $0.078), with the authorized capital remaining at $9.75 million.
  • SOLV Partnership: Jiuzi entered a strategic cooperation with the SOLV Foundation, which operates a Bitcoin staking platform with US$2.8 billion total value locked. Jiuzi will deposit Bitcoin holdings for staking and will establish a steering committee to pursue decentralized finance initiatives.
• July 3, 2024: A 1-for-13 reverse share split took effect to meet Nasdaq’s minimum bid price requirement of $1.00.

Financial and Strategic Analysis

Jiuzi’s share price rose 26.40% to US$0.3490 on October 29, 2025, with trading volume reported at approximately 15.6 million shares. The company remains near the bottom of its 52-week trading range and below its 200-day moving average. As of October 29, 2025, market capitalizations reported were approximately US$5.6 million, with 20.23 million shares outstanding. Financial metrics indicate trailing twelve-month revenue of US$0.98 million, a gross margin of 1.44%, EBITDA of US$40.43 million, and a net margin of –4,145.15%. Earnings per share were reported at –5.33, reflecting a loss.

The company is addressing liquidity and market perception challenges through share consolidations and a reverse split. The US$1 billion cryptocurrency acquisition plan and SOLV partnership represent efforts to diversify the corporate treasury with digital assets, aiming to enhance capital efficiency.

Market Position and Industry Context

Operating in China’s lower‐tier NEV market, Jiuzi competes with other specialty automotive dealers. With a current market cap well below US$300 million, it falls into the microcap segment, where liquidity constraints and price volatility are common. The company’s focus on franchise expansion, combined with its digital asset initiatives, may position it uniquely in the evolving market landscape.

tl;dr

• On October 8 and 27, 2025, Jiuzi announced a US$1 billion phased Bitcoin acquisition plan and a strategic partnership with the SOLV Foundation for Bitcoin staking.
• Shareholders approved a two-phase consolidation (5-for-1 and 40-for-1) on October 27, 2025; a 1-for-13 reverse split took effect on July 3, 2024.
• As of October 29, 2025, shares trade at US$0.3490, marking a 26.40% increase, with a market cap around US$5.6 million.
• Institutional investors hold over 7% of shares; leadership changes occurred in October 2025.
• The company is diversifying its treasury towards Bitcoin and refining its capital structure to address liquidity and compliance.