On October 27 (Monday), Jiuzi Holdings Inc. (JZXN.US) announced a strategic collaboration with the SOLV Foundation, highlighting its ambition to establish Bitcoin as a primary reserve asset. Under the agreement, SOLV Foundation—a cross-chain Bitcoin staking and structured finance platform currently managing $2.8 billion in total value locked (TVL)—will work with Jiuzi to enhance the efficient utilization of Bitcoin assets.

The core mechanism of the partnership involves Jiuzi and its subsidiaries depositing their Bitcoin holdings into the SOLV platform through regulated third-party custodians, ensuring full transparency, security, and institutional-grade auditability throughout custody and operations. This initiative aims to leverage SOLV's expertise in Bitcoin liquidity aggregation and staking to improve the capital efficiency of Jiuzi's Bitcoin holdings, providing shareholders with institutional-grade Bitcoin exposure within a compliant framework.

To drive financial innovation in the Bitcoin ecosystem, senior representatives from both parties will form a steering committee to lead transformative initiatives. The committee will focus on three key areas: 1. Expanding the adoption of SolvBTC across public blockchain networks like Solana and Base. 2. Exploring tokenized real-world assets and structured yield products to enrich Bitcoin-centric decentralized finance (DeFi) applications. 3. Facilitating market expansion and ecosystem synergy to build a more open crypto-financial landscape.

Both parties emphasized adherence to transparent governance principles, strict compliance with U.S. Securities and Exchange Commission (SEC) regulations, and Nasdaq listing requirements. The market responded positively to the strategic partnership, with Jiuzi's pre-market stock surging 15.42% to $0.420 at the time of reporting.