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Stock impact report

Auto Firm Accelerates Into Crypto Treasury With Bold Leadership Move [Globe and Mail, The (Toronto, Canada)]

Chijet Motor Company, Inc. - Class A Ordinary Shares (CJET) 
The move is no longer just for fintech or blockchain natives, industrials and manufacturers are beginning to leverage crypto treasuries to hedge against inflation, enhance liquidity, and tap into new sources of value creation. With institutional adoption of Bitcoin, Ethereum, and other leading tokens surging, the corporate embrace of crypto is becoming a defining trend of the mid-2020s. Shares of Chijet Motor Company, Inc. (NASDAQ: CJET) are flying high Friday after the automaker announced the appointment of blockchain veteran Jason Miller as Chief Operating Officer. Miller will oversee Chijet's overhaul of its digital asset strategy, which includes integrating Bitcoin, Ethereum, and Solana into the company's balance sheet. The news has ignited investor enthusiasm, with shares jumping more than 160% in morning trading to $0.26. Miller brings over 20 years of leadership in blockchain, digital identity, and Web3 technologies. He has held senior strategy roles at blockchain and AI fi Show less Read more
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