Addentax Takes $800 Million Bet On Bitcoin And Crypto
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Acquisition Announcement: Addentax Group Corp. plans to acquire up to $800 million in cryptocurrencies, including 8,000 Bitcoins, through a share-based deal, marking a strategic shift into the digital asset market.
Long-term Strategy: The company aims to strengthen its balance sheet and expand its presence in the blockchain sector by leveraging relationships with influential cryptocurrency holders, as part of its broader strategy to adapt to the evolving digital economy.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
