Jiuzi Holdings soars as private placement jumps from $12M to $1B

Jiuzi Holdings surged pre-market after signing an MOU with institutional investors to boost its private placement from $12 million to $1 billion, an 83-fold jump. The company said proceeds will fund its crypto asset expansion, including secure custody and storage infrastructure. Retail sentiment on Stocktwits turned extremely bullish as Jiuzi became one of the platform top-trending tickers.