Five professionally designed model homes are now open in Rainwood, offering a look at 15 different floorplan options, including both townhomes and single-family homes. Pictured here is the Shenandoah model. (CNW Group/Mattamy Homes Limited) (Image Courtesy: PRNewswire)

Addentax Group Corp. Announces USD 800 Million Plan to Acquire Bitcoin (BTC) and Official Trump (TRUMP)

Addentax Group Corp. Announces USD 800 Million Plan to Acquire Bitcoin (BTC) and Official Trump (TRUMP) (Image Courtesy: Addentax Group Official website)
Addentax Group Corp. Announces USD 800 Million Plan to Acquire Bitcoin (BTC) and Official Trump (TRUMP) (Image Courtesy: Addentax Group Official website)

Addentax Group Corp. recently announced that it has been in discussions with a number of substantial and influential Bitcoin and other mainstream Cryptocurrency holders, to acquire up to 8,000 Bitcoins, together with other Cryptocurrencies, such as Official Trump, with an expected current market value of approximately USD 800 million, by issuing shares of common stock. No definitive agreement has been reached. 

Based on separate conversations with the Crypto holders, it is believed that they collectively hold approximately 8,000 BTC, bearing profound understanding and networks in the Crypto world. Addentax Group Corp. and its management regard this initiative as the Company’s core action to support its crypto asset long-term investment and holding strategy, at the same time, building up the Company’s networks through bringing influential crypto holders as its shareholders.

Addentax Group
(image: Official website)
Addentax Group (image: Official website

ATXG aims to strengthen its balance sheet by acquiring highly-liquid and widely recognized digital assets, while also bringing in new shareholders with demonstrated experience and expertise in the cryptocurrency sector.

This potential plan reflects the management’s long-term strategic view on the evolving digital asset landscape. 

Mr. Hong Zhida, Chief Executive Officer of the Company, commented: “This initiative supports the Company’s broader blockchain strategy by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem. We believe that certain established digital assets may serve as a stable component of the Company’s long-term holdings, given their liquidity and increasing institutional interest over recent years.”

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