Odaily Planet Daily News Nasdaq-listed Addentax Group Corp announced that the company has negotiated with some major and influential Bitcoin and other mainstream cryptocurrency holders, and plans to acquire up to 8,000 Bitcoins and other cryptocurrencies, such as TRUMP tokens, at an estimated cost of $800 million, and will complete the financing through the issuance of common stock. No final agreement has been reached yet.
Addentax Group management said that this move is the company's core action to support its long-term investment and holding strategy for crypto assets, strengthening its balance sheet by acquiring highly liquid and widely recognized digital assets, while attracting new shareholders with experience and expertise in the field of cryptocurrencies. (PRNewswire)