Chijet Motor appoints blockchain veteran COO to spearhead crypto treasury overhaul

Published 1 month ago Neutral
Chijet Motor appoints blockchain veteran COO to spearhead crypto treasury overhaul
Auto
Chijet Motor Company (NASDAQ:CJET [https://seekingalpha.com/symbol/CJET]) stock was surging after the fuel vehicles company announced [https://seekingalpha.com/pr/20238244-chijet-motor-company-taps-blockchain-veteran-jason-miller-as-coo-to-spearhead-crypto-treasury] the appointment of blockchain veteran Jason Miller as COO to spearhead its crypto treasury overhaul.

Shares were +111.75% Friday pre-market to $0.21.

The company said this move positions it to integrate major cryptocurrencies into its balance sheet.

"The institutional adoption wave is here, and companies that move decisively into digital asset treasury management are being rewarded with extraordinary shareholder returns," said Miller.

MORE ON CHIJET MOTOR

* Chijet Motor prices $8 million public offering [https://seekingalpha.com/news/4491760-chijet-motor-prices-8-million-public-offering]
* Financial information for Chijet Motor [https://seekingalpha.com/symbol/CJET/income-statement]