Addentax Group Plans $800M Cryptocurrency Acquisition
- Addentax Group Corp. is in discussions to acquire up to $800 million in cryptocurrency assets.
- The acquisition plan includes up to 8,000 Bitcoins and the TRUMP token.
- Financing will be through the issuance of new shares of common stock.
- No binding agreements have been made yet; talks involve influential crypto holders.
- CEO Hong Zhida stated this move aligns with the company’s broader blockchain strategy.
Addentax Group Corp. aims to enhance its balance sheet by acquiring up to $800 million in digital assets, including Bitcoin and TRUMP tokens, through stock-based financing. The company is currently in non-binding discussions with major cryptocurrency holders.
Source (2.6)https://coingape.com/chinese-company-atxg-reveals-800m-plan-to-buy-btc-and-trump-tokens/?rand=24432
