NASDAQ-Listed Addentax Group to Acquire 8,000 Bitcoin Worth $800 Million

Addentax Group Corp., a publicly traded Chinese textile company listed on NASDAQ under the ticker ATXG, announced on May 15, 2025, plans to acquire up to 8,000 Bitcoin valued at approximately $800 million. The company intends to finance this purchase potentially through issuing new shares. This move highlights a growing trend of corporate investment in Bitcoin, signaling increased institutional interest in the cryptocurrency market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant