Autozi's stock price soars due to $1.87 billion in crypto assets acquired for $1 billion

Investing.com – Autozi Internet Technology (NASDAQ: AZI) stock rose 5.2% in pre-market trading on Tuesday after the company announced it had completed negotiations to acquire approximately $1.87 billion in high-quality digital assets from a firm described as a “globally leading digital asset institution” for $1.1 billion.

The company stated that this transaction was “executed during a period of adjustment in the global crypto market,” emphasizing that it was a “significant discounted acquisition,” providing ample flexibility for “subsequent valuation recovery and value appreciation.”

In addition to the asset acquisition, Autozi also established a strategic partnership with the unnamed crypto entity to develop a Digital Asset Management System (DAMS), build crypto payment infrastructure, and expand globally in compliance with regulatory requirements.

The acquired assets include mainstream cryptocurrencies, blockchain ecosystem tokens, infrastructure assets related to stablecoins and compliant payments, as well as equity and token holdings in multiple projects.

Autozi said this move represents a strategic upgrade from “traditional asset allocation” to “globally diversified digital asset allocation.” The company stated that this partnership aims to transform cryptocurrencies from “investment tools” into “everyday payment tools” by developing cross-border trade and consumer payment networks.

According to Autozi, this strategic deployment is expected to enhance the company’s asset resilience and global strategic execution capabilities, potentially increasing asset returns and unlocking new growth opportunities in the global market.

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