## Chinese Company ATXG Announces $800M Plan for Cryptocurrency Acquisition
A Chinese company, Addentax Group Corp. (Nasdaq: ATXG), specializing in textile and logistics, recently disclosed its ambitious plan to acquire a substantial amount of cryptocurrency assets, including popular options like Bitcoin and the TRUMP token. The company aims to utilize stock-based financing to facilitate this strategic move.
### Acquisition Strategy
ATXG is currently engaged in negotiations with multiple cryptocurrency holders to secure digital assets valued at approximately $800 million. The discussions primarily revolve around the potential acquisition of 8,000 Bitcoins and tokens such as Official Trump. It is important to note that while no concrete agreements have been finalized yet, the talks involve prominent figures within the cryptocurrency community who possess substantial influence in the industry.
### Issuance of Common Stock
In line with its acquisition strategy, Addentax Group Corp. intends to issue new shares of common stock to cryptocurrency holders in exchange for the transfer of digital assets. This innovative approach aligns with the company’s long-term vision…
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#### Conclusion
The announcement of ATXG’s $800 million plan to acquire BTC and TRUMP tokens through stock-based financing marks a significant development within the cryptocurrency space. As the discussions progress with key players in the industry, the outcome of this strategic move will be closely monitored by stakeholders and enthusiasts alike.