Chinese Giant Company Announces It Will Purchase a Large Amount of Bitcoin and TRUMP! Here Are the Details

The China-based textile and ready-to-wear company Addentax announced that it has begun negotiations to acquire approximately 8,000 Bitcoin and various mainstream cryptocurrencies including Official Trump (TRUMP).

The company stated that it plans to carry out these acquisitions by issuing shares worth 800 million dollars.

According to the press release made by the company, Addentax aims to acquire these assets from many significant cryptocurrency holders who have deep knowledge and strong connections in crypto assets. The company stated that this move is a fundamental part of its strategy for cryptocurrency asset investment and long-term holding.

Although a final agreement has not yet been reached, company officials view this process as an opportunity to make influential figures in the cryptocurrency world shareholders of the company and to strengthen the company's digital asset portfolio.

Addentax CEO Hong Zhida made the following statement regarding the matter:

"This initiative supports our company's broader blockchain strategy. The potential acquisition of digital assets like Bitcoin and the inclusion of experienced strategic investors in the crypto ecosystem will contribute to our long-term goals. Given the liquidity and the increasing institutional interest in recent years, we believe that some digital assets could serve as a stable component of the company's long-term assets."