BlockBeats News, May 16th, according to a report by PR Newswire, U.S. publicly traded company Addentax Group Corp (Nasdaq: ATXG) announced that the company has held discussions with some significant and influential Bitcoin and other mainstream cryptocurrency holders, planning to acquire up to 8,000 Bitcoins and other cryptocurrencies such as the TRUMP token. The acquisition is expected to cost $800 million and will be financed through the issuance of common stock. A final agreement has not yet been reached.
Addentax Group's management stated that this move is a key action to support the company's long-term investment and holding strategy for cryptocurrency assets, aiming to strengthen its balance sheet by acquiring highly liquid and widely recognized digital assets, while attracting new shareholders with experience and expertise in the cryptocurrency field.
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