Chinese company Addentax Group Corp. (NASDAQ: ATXG), which specializes in the textile and logistics industries, announced an ambitious plan to acquire 8000 Bitcoins and other cryptocurrencies, including Official Trump (TRUMP) tokens, for a total of $800 million. This was reported on May 15, 2025. To finance the deal, the company plans to issue new shares, although the final agreement has not yet been finalized. This move aims to expand Addentax's cryptocurrency strategy and diversify its assets.
The announcement generated significant excitement: ATXG shares rose by 150%, although later lost some of the gains due to investor skepticism. The acquisition could become one of the largest corporate investments in Bitcoin, highlighting the growing trust in cryptocurrencies among public companies. This move reflects a global trend where corporations are actively investing in digital assets.
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