Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI) announced on February 10 that it has finalized negotiations for a significant acquisition. According to BlockBeats, the company will acquire approximately $1.87 billion in premium digital assets from a leading global crypto asset institution for a total consideration of around $1.1 billion. This transaction was completed during a period of adjustment in the global crypto market.
Additionally, AZI's U.S. subsidiary has reached a preliminary cooperation agreement with the crypto giant. The partnership will focus on the development of a Digital Asset Treasury (DAT), the establishment of compliant crypto payment infrastructure, and the expansion of a multi-scenario payment ecosystem. Both parties aim to jointly create and lead the vast market centered around cryptocurrency-based DAT and crypto payments.