China has already announced its intention to start a race with the US for crypto leadership.
China-based investment holding company Addentax Group Corp. is in talks with a number of influential Bitcoin and other popular cryptocurrency holders to acquire up to 8,000 BTC and other digital assets, including Official Trump (TRUMP), for about $800 million.
The financing is planned to be carried out through the issuance of ordinary shares. No final agreements have been reached yet.
Addentax sees this initiative as a key step in the implementation of its long-term strategy for investing in and storing digital assets. At the same time, the company seeks to expand its network by attracting influential crypto owners as shareholders. A
Addentax Group Corp. Addentax Group Corp. is an integrated service provider specializing in apparel manufacturing, logistics services, and real estate management and sublease.
Source: Addentax Group
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