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Chinese Company ATXG Reveals $800M Plan to Buy BTC and TRUMP Tokens

CoinGape LogoCoinGape15h ago

Chinese Company ATXG Reveals $800M Plan to Buy BTC and TRUMP Tokens - CoinGape

Quick Summary:

A small Chinese company has announced plans to acquire a large portfolio of cryptocurrency assets, including Bitcoin and the meme-based TRUMP token, using stock-based financing.Addentax Group Corp.(Nasdaq: ATXG), a textile and logistics firm, disclosed that it is in talks with several cryptocurrency holders to acquire digital assets worth up to $800 million.

According to the company, the goal is to use these assets as part of a long-term investment and holding strategy.

Management sees digital assets like Bitcoin as being liquid and increasingly accepted by institutional investors.

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Chinese Company ATXG Reveals $800M Plan to Buy BTC and TRUMP Tokens - CoinGape (Picture 1)

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 04:37:09 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 649 words

Reading Time: 4 minutes read

Sentences: 42 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28739759

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Chinese Company ATXG Reveals $800M Plan to Buy BTC and TRUMP Tokens" was covered 15 hours ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 18 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #28739759
  • URL: https://pyramidalism.beamstart.com/news/chinese-company-atxg-reveals-800m-17473714139134

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