Addentax is a bet for $ 800 million roles at Bitcoin and Cripto

Addentak Group Corp. (Nasak:ATXG), Chinese diverse business group, stock jumped on Thursday after she announced plans Gaining up to $ 800 million in crypto through action in action. Stock later gave up gains.

The company announced plans for procurement of up to 8,000 bitcoin and other main cryptocurries, worth about 800 million dollars, through a potential sharing-based transaction, signals a large strategic turn in the digital asset space.

The company negotiates with several influential cryptocurri holders for purchase up to 8,000 Bitla and funds such as official Trump Coin. Based on current market prices, the estimated value of the proposed acquisition is about 800 million dollars. Although discussions are progressing, no definitive agreement is finalized.

The ATXG shows a potential transaction as a key component of its long-term strategy to expand its presence in the digital property space. By issuing joint stocks in exchange for the CRIPTO assets, the company aims to strengthen its balance sheet during experiencing experienced crypto investors in its joint stock network.

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Targeted owners, believed to collectively control approximately 8,000 bitcoins, bring significant expertise and connections within the cryptocurnent industry. The ATXG intends to use these relations to deepen its market reach and accelerate growth in the Blokchain sector.

The General Manager of Hong Zhida said that the move was part of a broader positioning strategy to evolve the digital economy. “This initiative supports the broader strategy of the company’s blocking strategy, such as the potential acquisitions of digital property such as Bitcoin and the introduction of strategic investors with experience in the CRIPTO ecosystem,” he said. He added that the established digital currencies could serve as a stable long-term noon for their liquidity and increasing institutional interest.

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Action Price: ATXG Actions are trading more than 75.32% to $ 1.26 on last check on Thursday.

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PHOTO Kindness: Alfernec via Shutterstock

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