China’s Addentax Plans $800M Crypto Buy, Including 8,000 BTC and Trump Tokens — TradingView News
Key Takeaways:
- Addentax Group plans to issue common stock in exchange for crypto holdings.
- Alongside 8,000 BTC, Addentax named TRUMP, a politically themed memecoin, as part of the deal.
- Addentax is not only buying assets but also attempting to build strategic alliances in the rapidly evolving digital economy.
Addentax Group, a China-based logistics and garment firm, revealed plans to acquire up to $800 million worth of cryptocurrencies, including 8,000 Bitcoin and unspecified amounts of other tokens such as the Trump-themed memecoin TRUMP, in an announcement on May 15.
The company intends to complete the deal by issuing common stock to a group of major crypto holders. However, no definitive agreement has been reached so far.China-based…
