Chinese EV Firm’s Stock Surges, Then Stumbles on $1 Billion Bitcoin, Ethereum and BNB Plan

Publicly traded electric vehicle charging firm Jiuzi Holdings is adopting a crypto investment policy, after its board of directors authorized the firm to deploy up to 2.38 on the news, a 47% spike above its Tuesday closing price, before retracing completely. Shares are now down nearly 10% on the day and changing hands at $1.46. JZXN is down more than 99.9% in the last 5 years. “Adopting the crypto asset inve ...