When Jiuzi New Energy planned to acquire AI crypto platform tokens with $1 billion in equity, and when China Real Estate Investment announced it would include BNB in its strategic reserves, the way listed companies participate in the crypto ecosystem underwent a qualitative change yesterday: upgrading from “buying assets” in the secondary market to “buying an ecological niche” and “building a reserve portfolio” through strategic cooperation at the equity level.
I. Paradigm Breakthrough: Jiuzi New Energy’s $1 Billion “Equity-Token” Swap
Jiuzi New Energy (NASDAQ: JZXN)’s potential transaction is of milestone significance:
· Scale and Structure: The company is in strategic cooperation negotiations with an AI crypto trading platform, planning to acquire tokens issued by the other party at a total value of about $1 billion through a private placement of its own common stock.
· Strategic Intent: This is not just a financial investment, but a deep business binding and ecological integration. By acquiring tokens through equity swaps, Jiuzi New Energy may aim to obtain exclusive technical services from the AI platform, share in growth dividends, and even influence its governance.
· Industry Signal: This move marks a shift in the way listed companies participate in the crypto industry, from “external investors” to “internal strategic shareholders,” opening up a new path for the integration of traditional capital and crypto projects.
II. Reserve Diversification: China Real Estate Investment Lays Out in the Platform Token Track
China Real Estate Investment (HKEX: 00736)’s reserve plan reflects the evolution of allocation logic:
· Plans to use its own funds to purchase and hold BNB and other suitable digital assets on the open market as the company’s strategic reserve assets.
· Strategic Significance: While many institutions focus on BTC and ETH, choosing BNB signals optimism about the ecological value, profitability, and staking returns of Binance, which backs BNB. This is a reserve strategy seeking differentiation and proximity to the core ecosystem.
III. Continuous Accumulation: Hyperscale Data’s Bitcoin Dedicated Fund
Hyperscale Data (NYSE: GPUS)’s fund allocation demonstrates the continuation of a classic model:
· Has allocated $31.5 million in cash to its wholly owned subsidiary, specifically for the continued purchase of bitcoin on the open market.
· The company currently holds about 498.46 bitcoins through its subsidiary. This allocation indicates that its “pure bitcoin treasury” strategy is being continuously implemented.
IV. Trend Insights: From Asset Allocation to Buying Ecological Niches
Yesterday’s developments clearly outlined three evolutionary paths for institutional participation in the crypto world:
1. Level One: Buying Assets – such as Hyperscale Data buying bitcoin, which is the most basic financial allocation.
2. Level Two: Portfolio Allocation – such as China Real Estate Investment planning to allocate BNB and others, making choices and diversifying within asset classes.
3. Level Three: Ecological Integration – such as Jiuzi New Energy, directly “buying” the core rights (tokens) of an ecological project through equity cooperation, achieving deep binding of business and capital.
Investment bank analysis shows that in 2025, the amount of M&A and strategic investment cases involving “equity-crypto asset” composite structures has surged by 300% year-on-year.
From Hyperscale Data’s focus on buying coins, to China Real Estate Investment’s layout in platform tokens, to Jiuzi New Energy seeking ecological integration with $1 billion in equity as a stepping stone, the spectrum of listed companies’ crypto strategies is becoming broader than ever. It is no longer just about “what to buy,” but also about “how to buy” and “who to become after buying.” The institutional narrative of the crypto market is entering a new chapter of deep intertwining between capital and industry.
