Addentax Group Corp. Announces $800 Million Plan to Acquire Bitcoin (BTC) and Official Trump (TRUMP)
Addentax Group Corp. (NASDAQ: ATXG) has announced plans to acquire up to 8,000 Bitcoins and Official Trump tokens, with an estimated total value of $800 million, through a share issuance. The company is in discussions with several cryptocurrency holders, though no definitive agreement has been reached yet.
The initiative is positioned as ATXG's core strategy for crypto asset long-term investment and aims to strengthen its balance sheet with highly-liquid digital assets. CEO Hong Zhida emphasized that this move aligns with the company's broader blockchain strategy and would bring in strategic investors with cryptocurrency expertise.
Addentax Group Corp. (NASDAQ: ATXG) ha annunciato l'intenzione di acquisire fino a 8.000 Bitcoin e token ufficiali Trump, per un valore stimato complessivo di 800 milioni di dollari, tramite un'emissione di azioni. La società è in trattativa con diversi detentori di criptovalute, anche se non è stato ancora raggiunto alcun accordo definitivo.
L'iniziativa rappresenta la strategia principale di ATXG per l'investimento a lungo termine in asset crypto e mira a rafforzare il proprio bilancio con asset digitali altamente liquidi. Il CEO Hong Zhida ha sottolineato che questa mossa è in linea con la più ampia strategia blockchain dell'azienda e attrarrà investitori strategici esperti di criptovalute.
Addentax Group Corp. (NASDAQ: ATXG) ha anunciado planes para adquirir hasta 8.000 Bitcoins y tokens oficiales de Trump, con un valor total estimado de 800 millones de dólares, mediante una emisión de acciones. La compañía está en conversaciones con varios poseedores de criptomonedas, aunque aún no se ha alcanzado un acuerdo definitivo.
La iniciativa se presenta como la estrategia principal de ATXG para la inversión a largo plazo en activos criptográficos y busca fortalecer su balance con activos digitales altamente líquidos. El CEO Hong Zhida destacó que esta acción está alineada con la estrategia blockchain más amplia de la empresa y atraerá inversores estratégicos con experiencia en criptomonedas.
Addentax Group Corp. (NASDAQ: ATXG)는 최대 8,000 비트코인 및 공식 트럼프 토큰을 주식 발행을 통해 약 8억 달러 상당으로 인수할 계획을 발표했습니다. 회사는 여러 암호화폐 보유자들과 논의 중이나 아직 최종 합의에는 이르지 못했습니다.
이 계획은 ATXG의 장기 암호자산 투자 핵심 전략으로 자리매김하며, 유동성이 높은 디지털 자산으로 재무구조를 강화하는 것을 목표로 합니다. CEO 홍즈다(Hong Zhida)는 이번 조치가 회사의 광범위한 블록체인 전략과 부합하며, 암호화폐 전문 지식을 가진 전략적 투자자들을 유치할 것이라고 강조했습니다.
Addentax Group Corp. (NASDAQ : ATXG) a annoncé son intention d'acquérir jusqu'à 8 000 Bitcoins et tokens officiels Trump, pour une valeur totale estimée à 800 millions de dollars, via une émission d'actions. La société est en discussions avec plusieurs détenteurs de cryptomonnaies, bien qu'aucun accord définitif n'ait encore été conclu.
Cette initiative est présentée comme la stratégie centrale d'ATXG pour l'investissement à long terme dans les actifs cryptographiques et vise à renforcer son bilan avec des actifs numériques très liquides. Le PDG Hong Zhida a souligné que cette démarche s'inscrit dans la stratégie blockchain plus large de l'entreprise et permettra d'attirer des investisseurs stratégiques ayant une expertise en cryptomonnaies.
Addentax Group Corp. (NASDAQ: ATXG) hat Pläne angekündigt, bis zu 8.000 Bitcoins und offizielle Trump-Token im Gesamtwert von geschätzten 800 Millionen US-Dollar durch eine Aktienausgabe zu erwerben. Das Unternehmen befindet sich in Gesprächen mit mehreren Kryptowährungsinhabern, wobei noch keine endgültige Vereinbarung getroffen wurde.
Die Initiative wird als Kernstrategie von ATXG für langfristige Investitionen in Krypto-Assets positioniert und zielt darauf ab, die Bilanz mit hochliquiden digitalen Vermögenswerten zu stärken. CEO Hong Zhida betonte, dass dieser Schritt mit der umfassenderen Blockchain-Strategie des Unternehmens übereinstimmt und strategische Investoren mit Kryptowährungsexpertise anziehen wird.
- Potential acquisition of 8,000 BTC worth approximately $800 million would significantly strengthen company's balance sheet
- Strategic move to acquire highly liquid digital assets through share issuance rather than cash
- Plan to bring in experienced cryptocurrency investors as shareholders adds expertise to company
- No definitive agreement has been reached yet, indicating uncertainty in deal completion
- Share issuance for acquisition would lead to significant shareholder dilution
- High exposure to volatile cryptocurrency market poses substantial investment risk
Insights
ATXG announces ambitious $800M crypto acquisition plan through stock issuance, but no definitive agreement exists yet.
Addentax Group Corp's announcement represents an extraordinary shift for a company that has not previously been known as a major cryptocurrency player. The plan to acquire 8,000 Bitcoins and other cryptocurrencies (including the politically-branded "Official Trump" token) through share issuance is particularly notable for its massive scale relative to ATXG's current operations.
Several critical red flags deserve investor attention:
- The release explicitly states "No definitive agreement has been reached" - meaning this is merely a preliminary discussion, not a confirmed transaction
- The inclusion of the politically-branded "Official Trump" token alongside Bitcoin suggests questionable investment criteria
- The substantial dilution that would occur from issuing enough shares to cover an $800 million acquisition
- The press release is dated May 15, 2025 - either a typographical error or a future-dated announcement
While management frames this as strengthening the balance sheet with "highly-liquid and widely recognized digital assets," the lack of specifics around transaction structure, ownership percentages, or governance guardrails raises concerns. The company appears to be pursuing this strategy primarily to bring in new shareholders with cryptocurrency experience rather than based on fundamental analysis of the assets themselves.
Without a definitive agreement or regulatory approvals, this announcement appears premature and speculative in nature, potentially designed to generate market attention rather than reflecting an imminent transaction.
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.
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."
About Addentax Group Corp.
Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/.
Caution Concerning Forward Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to Addentax and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of Addentax's Annual Report on Form 10-K for the year ended March 31, 2024. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Company Contact:
Public Relations Contact:
Addentax Group Corp.
Phone: + (86) 755 86961 405
xinyee.lee@zgyingxi.com
Investor Relations Contact:
Sherry Zheng
WAVECREST GROUP INC.
1-718-213-7386
sherry@wavecrestipo.com
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SOURCE Addentax Group Corp.
FAQ
What is ATXG's plan to acquire Bitcoin and Trump tokens?
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