Jiuzi Holdings Inc (NASDAQ:JZXN) shares jumped 17.3% in premarket trading Monday after the company announced a strategic partnership with the SOLV Foundation, a Bitcoin staking platform with $2.8 billion in total value locked.
As part of its strategy to anchor its treasury around Bitcoin as its primary digital asset, Jiuzi will leverage SOLV’s platform to optimize its Bitcoin holdings. Under the agreement, Bitcoin assets held by Jiuzi or its subsidiaries will be deposited on the SOLV platform under the custody of regulated third parties chosen by the company.
The collaboration will also establish a Steering Committee made up of senior representatives from both organizations. The committee will focus on Bitcoin-centric decentralized finance initiatives, including expanding the adoption of SolvBTC across blockchain networks such as Solana and Base, while exploring new models like tokenized real-world assets.
“This partnership marks a transformative step forward, strengthening our Bitcoin vault strategy and aligning us with one of the most advanced platforms in the Bitcoin liquidity and staking ecosystem,” said Li Tao, Chief Executive Officer of Jiuzi Holdings.
Both companies stressed that the partnership will operate under principles of transparency and adherence to U.S. Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards. The goal is to provide shareholders with institutional-grade Bitcoin exposure while improving capital efficiency within a regulated framework.