Addentax Group announced plans to acquire #BTC and tokens #TRUMP for $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 ā GD Culture Group, which previously announced an investment of $300 million in BTC and Trump tokens.
For now, this is just a statement of intent ā the execution of the deal depends on negotiations and regulatory approvals.
Twenty One Capital may become the most aggressive corporate buyer #BTC
Supported by Tether, the investment company Twenty One Capital has increased its assets to 36 312 #BTC , spending $458.7 million on a recent purchase. The deal was disclosed in an SEC report and positioned the firm as the third-largest corporate holder of Bitcoin, trailing only MicroStrategy and MARA Holdings.
Twenty One Capital stated its goal to surpass MicroStrategy's approach by offering investors not earnings per share, but 'Bitcoin per share' as the main KPI. The company plans to increase its portfolio to 42,000 #BTC by the time of listing.
The volume of illiquid #BTC has reached an all-time high
According to data from analytical platforms, the number of illiquid bitcoins ā coins that are not moving and not participating in trading ā has exceeded 14 million #BTC
This is a record figure, indicating an increase in the share of long-term holders and a decrease in supply in the market.
Historically, the increase in the volume of illiquid BTC has been viewed as a positive factor for the price in the long term: limited supply intensifies price pressure when demand rises.
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