In a striking pivot from textiles and logistics to the world of digital finance, Chinese company Addentax Group Corp. (Nasdaq: ATXG) has revealed ambitious plans to acquire as much as $800 million worth of cryptocurrency—including 8,000 Bitcoin and a chunk of the politically charged TRUMP tokens. And here’s the kicker: the entire acquisition would be executed through the issuance of new company shares.
Although no official agreements have been inked yet, ATXG has confirmed that it’s actively negotiating with prominent crypto holders to bring this plan to life. This strategic move could fundamentally reshape the company’s trajectory by tying its future to the unpredictable yet potentially lucrative crypto markets.
Stock for Satoshis: ATXG’s Unorthodox Play
Rather than purchasing crypto on the open market, Addentax is opting for a more unconventional route—swapping newly issued common stock for digital assets. According to company statements, these discussions are taking place with individuals and entities collectively holding up to 8,000 BTC, with additional interest in meme coins like the TRUMP token.
CEO Hong Zhida described the initiative as a cornerstone of ATXG’s broader blockchain and digital asset strategy. “This transaction not only strengthens our balance sheet with liquid digital holdings,” he stated, “but also introduces seasoned crypto investors into our shareholder base.”
The strategy seems to be twofold: leverage the liquidity and global relevance of assets like Bitcoin to improve the company’s financial footing, and simultaneously integrate crypto-savvy minds into ATXG’s corporate ecosystem.
Riding the Crypto Hype—or Following a Pattern?
This isn’t the first time a relatively obscure Chinese firm has made headlines with a high-profile crypto announcement. Just days earlier, GD Culture Group, a similarly small company, declared a massive $300 million investment in Bitcoin and TRUMP tokens. What raised eyebrows wasn’t just the amount—but the lack of transparency. The deal, reportedly executed via a private stock sale to an unnamed British Virgin Islands entity, has attracted scrutiny, especially given GD Culture’s limited staff and lack of revenue in recent years.
ATXG’s announcement, while echoing similar tones, has stirred questions about whether these moves reflect legitimate strategic transformations or opportunistic attempts to ride crypto market waves and boost valuations.
TRUMP Token’s Murky Waters
Of particular note in ATXG’s plan is the inclusion of the TRUMP token—a meme-based cryptocurrency with political overtones and no tangible utility. While it has gained traction among certain communities, the token is also under increased regulatory scrutiny in the U.S., particularly due to its association with projects linked to former President Donald Trump.
House Democrats have requested the Treasury Department to provide records tied to Trump-affiliated crypto ventures, citing potential red flags. At the same time, Movement Labs—a project supported by Trump-aligned World Liberty Financial—is under fire for allegedly failing to disclose investor agreements. Unsurprisingly, these controversies are casting a shadow over projects involving TRUMP-branded tokens.
ATXG’s High-Stakes Crypto Leap
Despite the turbulence surrounding politically flavored cryptocurrencies, ATXG appears undeterred. Company executives see this move as a step toward cementing their presence in the blockchain and digital finance world. By bringing established crypto players into its circle through stock-based acquisitions, ATXG hopes to boost its credibility and strengthen its market position.
While no definitive timeline has been given, the company emphasized that this plan is a “core action” within its evolving crypto strategy. For now, negotiations remain non-binding, but the intent is loud and clear: ATXG wants a seat at the crypto table—and is willing to bet big to get there.
As the lines between politics, finance, and blockchain continue to blur, one thing is certain: ATXG’s foray into digital assets could either be a masterstroke of corporate reinvention or another speculative gamble in an already volatile arena.
