Overview

• The board set a cap of $1 billion for cryptocurrency purchases as part of a newly adopted treasury policy.
• Investments are initially limited to Bitcoin, Ethereum and BNB, with any expansion requiring approval from the board's risk committee.
• A Crypto Asset Risk Committee led by CFO Huijie Gao will oversee implementation, and assets will be held with external custodians rather than self‑custodied.
• Newly appointed COO Dr. Doug Buerger will lead the program and characterized the approach as a long‑term store‑of‑value strategy rather than short‑term trading.
• The company said it will disclose any material purchases via SEC Form 6‑K filings, and JZXN shares rose in early trading with premarket gains reported above 40%.