Addentax Group, a company based in China and listed on Nasdaq with the ticker ATXG, has stated its intention to acquire Bitcoin and crypto for a total value of 800 million dollars.
Addentax: the company wants to acquire Bitcoin and crypto worth 800 million dollars
Addentax Group seems to want to enter the world of cryptocurrencies in a substantial way.
In fact, the company based in China has announced its intention to buy Bitcoin and crypto for a total value of 800 million dollars.
Specifically, Addentax revealed its intention to purchase 8,000 BTC and other major cryptos, including the memecoin TRUMP, by issuing common shares.
At the moment, no definitive agreement has been reached, but it seems that the company is discussing its strategy with some important and influential holders of BTC and other crypto.
In practice, this strategy would see Addentax begin to invest in and hold cryptocurrencies long-term and, at the same time, build the Company’s networks through the entry of these crypto influencers as its shareholders.
Addentax and its entry strategy into the Bitcoin and crypto world
Commenting on the initiative of the Chinese company, Hong Zhida, the CEO of Addentax, stated the following:
“This initiative supports the Company’s broader blockchain strategy, facilitating potential acquisitions of digital assets like Bitcoin and introducing strategic investors with experience in the crypto ecosystem. We believe that some established digital assets can serve as a stable component of the Company’s long-term holdings, given their liquidity and the growing institutional interest in recent years.”
In practice, by issuing ordinary shares in exchange for cryptocurrency assets, the company ATXG aims to strengthen its balance sheet and bring crypto-savvy investors into its network of shareholders.
In the last seven days, the price of Bitcoin (BTC) is above the fateful threshold of $100,000.
At the time of writing, BTC is worth $103,900, with a total market capitalization exceeding 2 trillion dollars. In the general ranking of the top tech companies by market cap, Bitcoin would be in fifth place, above Alphabet (Google), Meta, and Tesla.
“`html The case of Metaplanet “`
Speaking of companies and Bitcoin, recently the success achieved by Metaplanet, with its Q1 2025 financial results, has caused a stir.
The Japanese company that has activated the BTC accumulation strategy as corporate treasury, is also managing to systematically increase shareholder value.
In practice, with 6,976 BTC on the balance sheet, a Bitcoin yield (BTC Yeld) of 170% year-to-date, and an expanding global presence, Metaplanet establishes itself as a successful operational model.
In the case of BTC accumulation, Metaplanet has increased its reserves by multiplying them by 3.9 times since the beginning of the year. This figure represents about 68% of its short-term goal of 10,000 BTC.
This strategy positions Metaplanet in 11th place worldwide among publicly traded companies for BTC held, and in first place in Asia.
