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The US-listed company Addentax plans to purchase 8,000 Bitcoins and mainstream Crypto Assets such as TRUMP.
BlockBeats news, on May 16, according to a press release, the U.S. stock-listed company Addentax Group Corp (NASDAQ: ATXG) announced that it has engaged in discussions with some significant and influential Bitcoin and other mainstream Crypto Assets holders, planning to acquire up to 8,000 Bitcoins and other cryptocurrencies, such as the TRUMP Token. The expected cost is $800 million, which will be financed through the issuance of common stock, and a final agreement has not yet been reached. The management of Addentax Group stated that this initiative is a core action to support the company’s long-term investment and holding strategy for its digital assets, enhancing its balance sheet by acquiring highly liquid and widely recognized digital assets, while attracting new shareholders with experience and expertise in the cryptocurrency field.