#Trump #BTC China’s Addentax Plans $800M Crypto Buy, Including 8,000 BTC and Trump Tokens
Addentax Group, a China-based logistics and garment firm, revealed plans to acquire up to $800 million worth of cryptocurrencies, including 8,000 Bitcoin and unspecified amounts of other tokens such as the Trump-themed memecoin TRUMP, in an announcement on May 15.
The company intends to complete the deal by issuing common stock to a group of major crypto holders. However, no definitive agreement has been reached so far.
Adding to the market’s bullish momentum, Donald Trump is hosting a private dinner on May 22 at his Washington, D.C. golf club for the top 220 holders of the $TRUMP meme coin. The invitation-only event will feature a speech on crypto’s future.
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