{"id":132711,"date":"2025-05-15T22:06:53","date_gmt":"2025-05-15T22:06:53","guid":{"rendered":"https:\/\/teknomers.com\/en\/chinas-addentax-plans-800m-in-crypto-purchases-including-8000-btc-and-trump-tokens\/"},"modified":"2025-05-15T22:06:53","modified_gmt":"2025-05-15T22:06:53","slug":"chinas-addentax-plans-800m-in-crypto-purchases-including-8000-btc-and-trump-tokens","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/chinas-addentax-plans-800m-in-crypto-purchases-including-8000-btc-and-trump-tokens\/","title":{"rendered":"China&#8217;s Addentax Plans $800M in Crypto Purchases, Including 8,000 BTC and Trump Tokens"},"content":{"rendered":"<div class=\"su-note\" style=\"border-color:#e0d5e5;border-radius:3px\">\n<div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FAEFFF;border-color:#ffffff;color:#333333;border-radius:3px\">\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Addentax Group plans to issue common stock in exchange for crypto holdings.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Alongside 8,000 BTC, Addentax named TRUMP, a politically themed memecoin, as part of the deal.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Addentax is not only buying assets but also attempting to build strategic alliances in the rapidly evolving digital economy.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Addentax Group, a **China-based logistics and garment firm**, revealed plans to acquire up to **$800 million** worth of **cryptocurrencies**, including **8,000 Bitcoin** and unspecified amounts of other tokens such as the **Trump-themed memecoin TRUMP**, in an announcement on May 15. The company intends to complete the deal by issuing common stock to a group of major crypto holders. However, no definitive agreement has been reached so far.<\/p>\n<h2>China-based Addentax Eyes $800M Crypto Deal: A Strategic Pivot or Political Signal?<\/h2>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/addentax-group-corp-announces-800-million-plan-to-acquire-bitcoin-btc-and-official-trump-trump-302456082.html\" target=\"_blank\">In its announcement<\/a>, Addentax said it has been in discussions with several &#8220;substantial and influential&#8221; crypto holders. While it did not disclose how much of the **$800 million** would be allocated to Bitcoin or other assets, it confirmed that the group it\u2019s negotiating with claims to collectively hold approximately **8,000 BTC**.<\/p>\n<p>This initiative is part of Addentax\u2019s broader plan to strengthen its balance sheet by acquiring **liquid and widely recognized digital assets**. It also seeks to bring influential crypto figures into its shareholder base.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: PUBLIC CHINESE TEXTILE COMPANY ADDENTAX WILL ISSUE STOCK TO BUY 8,000 <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#BITCOIN<\/a> FOR $800 MILLION<br \/>CORPORATE BUYING IS GOING VERTICAL <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f525.png\" alt=\"\ud83d\udd25\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" \/> <a rel=\"nofollow\" href=\"https:\/\/t.co\/133rlv3mzh\">pic.twitter.com\/133rlv3mzh<\/a><\/p>\n<p>&mdash; The Bitcoin Historian (@pete_rizzo_) <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/pete_rizzo_\/status\/1923012609172799511?ref_src=twsrc%5Etfw\" target=\"_blank\">May 15, 2025<\/a>\n<\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Hong Zhida, CEO of Addentax, said, \u201cThis initiative supports the Company\u2019s broader **blockchain strategy** by facilitating potential acquisitions of **digital assets** such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem.\u201d He added, \u201cWe believe that certain established digital assets may serve as a stable component of the Company\u2019s long-term holdings, given their **liquidity** and increasing **institutional interest** over recent years.\u201d<\/p>\n<p>Despite the ambitious announcement, Addentax shares dropped more than **8%** after the news. The market reaction suggests investors remain skeptical about the firm\u2019s pivot toward digital assets.<\/p>\n<figure class=\"wp-block-image size-full\">\n<img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"448\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/05\/15211917\/image-36.png\" alt=\"\" class=\"wp-image-361734\"><figcaption class=\"wp-element-caption\"><em>Source: <a rel=\"nofollow noopener\" href=\"https:\/\/www.google.com\/finance\/quote\/ATXG:NASDAQ\" target=\"_blank\"><em>Google Finance<\/em><\/a><\/em><\/figcaption><\/figure>\n<p>The company\u2019s press release framed the move as a long-term **strategic investment**. However, there is speculation that the timing may also reflect **political motives**. Addentax operates in the cross-border textile logistics sector, a space heavily impacted by **U.S.-China trade tensions** and tariffs introduced during **Donald Trump\u2019s presidency**.<\/p>\n<p>Two weeks ago, another logistics company reportedly <a rel=\"nofollow noopener\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/30\/3071329\/0\/en\/Freight-Technologies-Secures-up-to-USD-20-Million-to-Create-an-Official-Trump-Token-TRUMP-Treasury.html\" target=\"_blank\">purchased<\/a> **$20 million** worth of TRUMP tokens, betting on potential political alignment. This purchase has fueled rumors about Chinese firms exploring ways to hedge **regulatory risks** or secure indirect influence in a volatile geopolitical ecosystem.<\/p>\n<p>While Addentax\u2019s crypto play is still in negotiation, it indicates a growing trend of **traditional firms** eyeing **digital assets** not just for returns, but also for the **strategic networks** they may unlock.<\/p>\n<h2>Crypto Market Rallies as US-China Ease Trade Tensions<\/h2>\n<p>The **crypto market** extended its rally on Monday following a breakthrough in **U.S.-China trade relations**. Both nations announced a temporary reduction in tariffs, hinting at a possible thaw in their long-standing economic tensions. The agreement, delivered via a joint statement in **Geneva**, outlines a **90-day negotiation window** and includes substantial tariff cuts.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4c8.png\" alt=\"\ud83d\udcc8\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" \/> Crypto markets rallied sharply after the United States and China announced an agreement to temporarily reduce tariffs on each other\u2019s goods.<a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Ethereum<\/a> <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/hashtag\/China?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#China<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/x5YW4dcQ8X\">https:\/\/t.co\/x5YW4dcQ8X<\/a><\/p>\n<p>&mdash; Cryptonews.com (@cryptonews) <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/cryptonews\/status\/1921861478287552759?ref_src=twsrc%5Etfw\" target=\"_blank\">May 12, 2025<\/a>\n<\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>U.S. rates on Chinese goods will fall from **145%** to **30%**, while China will lower duties on U.S. imports from **125%** to **10%**. The announcement sent digital assets climbing across the board, with **Bitcoin** jumping by **1.62%** on the day to **$105,322**, and has now rebounded **36%** from its April low of **$74,500**. **Ethereum** also rose **3.13%** to **$2,560**, with **Dogecoin** leading altcoins, up **6.29%**.<\/p>\n<p>Adding to the market&#8217;s bullish momentum, Donald Trump is hosting a private dinner on May 22 at his Washington, D.C. golf club for the top **220 holders** of the **$TRUMP** meme coin. The invitation-only event will feature a speech on **crypto\u2019s future**.<\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.coingecko.com\/en\/coins\/official-trump\" target=\"_blank\">According to CoinGecko<\/a>, the token surged **3.9%** over the week to **$12.86**, though trading volume fell nearly **28%** in the past **24 hours**.<\/p>\n<p>The post China\u2019s **Addentax Plans $800M Crypto Buy**, Including **8,000 BTC** and **Trump Tokens** appeared first on **Cryptonews**.<\/p>\n<p><a href=\"https:\/\/teknomers.com\/en\/category\/finance\/\">Finance and Crypto News-10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: Addentax Group plans to issue common stock in exchange for crypto holdings. Alongside 8,000 BTC, Addentax named TRUMP, a politically themed memecoin, as part of the deal. Addentax is not only buying assets but also attempting to build strategic alliances in the rapidly evolving digital economy. Addentax Group, a **China-based logistics and garment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":108984,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[],"class_list":["post-132711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/132711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=132711"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/132711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/108984"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=132711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=132711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=132711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}