Chiara Bianchi
Addentax Group Corp. (Nasdaq: ATXG), a relatively small Chinese textile and logistics company, has unveiled its intentions to acquire up to $800 million worth of digital assets, including Bitcoin (BTC) and the politically charged TRUMP meme token, signaling a dramatic pivot toward the crypto space.
The company disclosed it is in advanced discussions with major cryptocurrency holders to execute this acquisition using a stock-based financing approach. The plan includes issuing new shares of ATXG common stock in exchange for a mix of digital currencies โ most notably up to 8,000 BTC and other altcoins such as Official Trump.
While no binding agreements have yet been signed, ATXG confirmed that negotiations are ongoing with a group of well-connected, experienced crypto investors. These discussions reflect the companyโs long-term commitment to integrating blockchain into its core financial strategy.
โThis initiative is part of our wider blockchain roadmap,โ said CEO Hong Zhida, noting that the deal would not only improve the companyโs balance sheet but also bring savvy digital asset investors onto ATXGโs shareholder list.
The strategy involves leveraging liquid and high-profile crypto assets to strengthen the firmโs financial standing and create pathways for future growth within the digital economy.
Addentax Seeks Strategic Advantage Through Crypto Integration
By adding Bitcoin and other tokens to its treasury, ATXG aims to diversify its asset base while also gaining credibility within the crypto market. The firm believes that attracting shareholders with deep roots in blockchain will create new market opportunities and long-term value.
Company executives see this move as essential to evolving into a tech-forward, crypto-aware organization, expanding beyond its legacy business in textiles and logistics.
GD Culture Groupโs Crypto Play Draws Parallelsโand Scrutiny
Addentaxโs announcement follows a similar move by GD Culture Group, another small Chinese firm that recently disclosed a $300 million investment in Bitcoin and TRUMP tokens through a stock sale to an undisclosed buyer based in the British Virgin Islands.
Despite having just eight employees and no reported revenue, GD Cultureโs surprising crypto play has triggered speculation and scrutiny, particularly due to the opaque nature of its financing structure.
Regulatory Spotlight on Trump-Linked Crypto Projects Intensifies
The TRUMP token, while gaining popularity as a meme-driven crypto asset, has also drawn the attention of U.S. lawmakers and regulators. Democratic members of Congress have requested documents from the Treasury Department regarding potential financial misconduct tied to Trump-affiliated crypto initiatives.
One notable example is Movement Labs, backed by World Liberty Financial (WLFI) โ a group associated with Donald Trump. Reports have surfaced that the project failed to disclose investor agreements, prompting concerns over lack of transparency. In response, the price of its native token MOVE fell over 6%.
ATXG Strengthens Position in Emerging Crypto Economy
Though still in early stages, ATXGโs crypto acquisition plan reflects a growing trend of small-cap companies seeking relevance in the digital asset ecosystem. By aligning with influential crypto investors and accumulating valuable tokens like Bitcoin, ATXG aims to position itself at the forefront of blockchain integration in Asiaโs corporate sector.
The company has not given a definitive timeline for completing the deal, but labeled it a “core element” of its digital asset strategy.
