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Addentax plans to buy 8000 bitcoins and other cryptocurrencies

According to online reports, U.S. -listed company Addentax Group Corp (NASDAQ: ATXG) announced that it has held discussions with some major and influential Bitcoin and other mainstream cryptocurrency holders and plans to acquire up to 8000 bitcoins and other cryptocurrencies, such as TRUMP tokens. The financing is expected to cost US$800 million and will be completed through the issuance of common shares, but no final agreement has yet been reached. Addentax Group management said the move is the company's core action to support its long-term investment and holding strategy in crypto assets, strengthening its balance sheet by acquiring highly liquid and widely recognized digital assets, while also attracting new shareholders with experience and expertise in the cryptocurrency space.

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