Addentax Group Announces $800 Million Bitcoin and Crypto Investment
- Addentax Group plans to purchase 8,000 BTC and other crypto assets.
- The firm’s shares, listed as ATXG on Nasdaq, were initially priced at $0.72.
- Following the announcement, shares surged to $1.68 but later fell to $0.61.
- ATXG shares decreased nearly 9% in the past 24 hours and over 20% in five days.
- Addentax specializes in garment manufacturing and logistics services.
Addentax Group Corp., based in Shenzhen, announced a plan to acquire significant cryptocurrency holdings, including Bitcoin and President Donald Trump’s official memecoin. Despite an initial surge in stock prices following the announcement, ATXG shares experienced a decline below their original value.
Source (2.6)https://dailyhodl.com/2025/05/17/shares-of-chinese-apparel-firm-in-choppy-trading-after-announcing-800000000-bitcoin-and-crypto-investment-strategy/?rand=59076
