Bitcoin

Shares of Chinese Apparel Firm in Choppy Trading After Announcing $800,000,000 Bitcoin and Crypto Investment Strategy

Published

6 months ago

May 17, 2025

Shares of a Chinese language funding mill have been risky because the firm has rolled out a $ 800 million (BTC) and Crypto funding earlier this week.

On Thursday, the ADDENTAX Group Corp. primarily based in Shenzhen. announced Plans to subject shares of its strange shares to purchase 8,000 BTC and to accumulate undefined portions of different crypto belongings, together with the official memecoin of President Donald Trump (Trump).

The shares of the corporate, talked about on the Nasdaq as ATXG, have been priced at $ 0.72 earlier than the announcement, however rapidly jumped at a peak of $ 1.68 later that day.

The share then instantly withdrew and dropped even decrease than its unique worth and now acts at $ 0.61. ATXG has fallen by nearly 9% within the final 24 hours and greater than 20% previously 5 days.

Addekax makes a speciality of clothes manufacturing, logistics companies, property administration and subleasing.

The corporate notes that it has been in discussions “with quite a lot of substantial and influential bitcoin and different common cryptocurrency holders” to facilitate the upcoming acquisitions.

Addedax -chief Govt Hong Zhida says that the investments are a part of the ‘wider blockchain technique’ of the corporate.

“We imagine that sure established digital belongings can function a secure a part of the corporate’s lengthy -term possession, given their liquidity and rising institutional curiosity lately.”

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