🚀🇨🇳The bold move of Addentax: A strategic shift or a political signal?

In a surprising move, the Chinese logistics and manufacturing company, Addentax Group, announced its intention to acquire up to $800 million in cryptocurrencies, including 8,000 #bitcoin and an unspecified amount of the memecoin $TRUMP . The company plans to complete this acquisition through the issuance of common shares to significant cryptocurrency holders.

This initiative is part of a broader strategy by Addentax to strengthen its balance sheet with liquid digital assets. However, the news led to a decline of more than 8% in Addentax's shares, suggesting skepticism in the market regarding this shift towards digital assets.

Meanwhile, the purchase of TRUMP tokens by another logistics company two weeks ago has sparked speculation about possible political motives behind these investments, especially in the context of trade tensions between the United States and China.