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

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Logan Hitchcock

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Mentions

People	Tao Li, Dr. Doug Buerger
Organizations	Jiuzi Holdings, SEC

Code	Name
CN	🇨🇳China
US	🇺🇸United States

Target	Sentiment	Comment
BitcoinBTC	Bullish	Jiuzi Holdings plans to acquire Bitcoin as a long-term store of value.
EthereumETH	Bullish	Jiuzi Holdings plans to acquire Ethereum as a long-term store of value.
BNBBNB	Bullish	Jiuzi Holdings plans to acquire BNB as a long-term store of value.
Jiuzi Holdings	Bearish	The firm's stock fell nearly 10% after the announcement, and it has limited cash reserves to back the $1 billion plan.