Addentax Group announced plans to acquire Bitcoin and Trump tokens worth $800 million
The Chinese company Addentax Group Corp., engaged in logistics and clothing manufacturing, announced its intention to acquire up to 8,000 BTC and Official Trump tokens for approximately $800 million. The deal will be financed through the issuance of new shares.
This move is similar to the recent strategy of another Chinese company — GD Culture Group, which previously announced an investment of $300 million in BTC and Trump tokens.
So far, this is only a statement of intent — the execution of the deal depends on negotiations and regulatory approvals.
