#CryptoNewss
Addentax Group Corp., a China-based clothing distribution company, is reportedly planning to buy $800 million worth of Bitcoin & TRUMP cryptocurrency.
Normally, it would not be unusual for an organization to announce that it will be buying Bitcoin in the post-2020 period, but Addentax is unusual. The company's market cap is only $4.4 million, but it's worth considering where it will get its money to buy $800 million worth of crypto.
Addentax Group claims that they are in discussions with crypto holders and that the total BTC holdings from these holders are up to 8,000 BTC. So, we are curious to see if these holders will participate and buy crypto.
Since the acquisition will not only include BTC like other groups, but also TRUMP, it is more interesting to know whether it is honest or just a whim to buy a person-based memecon that does not guarantee any value. Some are criticizing Addentax Group for having a hidden agreement with Trump.