Addentax Group Corp. Announces $800 Million Plan to Acquire Bitcoin (BTC) and Official Trump (TRUMP)
Company's Acquisition Plans: Addentax Group Corp. is in discussions to acquire up to 8,000 Bitcoins and other cryptocurrencies valued at approximately USD 800 million by issuing shares of common stock, aiming to enhance its long-term investment strategy in digital assets.
Management's Strategic Vision: The initiative is seen as a way to strengthen the company's balance sheet and build networks with influential cryptocurrency holders, reflecting a long-term strategic view on the evolving digital asset landscape.
Trade with 70% Backtested Accuracy
Analyst Views on ATXG
About ATXG
About the author
Super League Enterprise Shares Surge 200%; Check Out 20 Stocks Making Moves in Premarket Trading
Super League Enterprise Investment: Super League Enterprise, Inc. shares surged 200% to $9.83 in pre-market trading following a $10 million strategic equity investment from Evo Fund.
Other Notable Gainers: Several stocks saw significant pre-market gains, including Professional Diversity Network (up 88.8%), STRATA Skin Sciences (up 80%), and Jiuzi Holdings (up 50.9%).
Pre-Market Losers: Stocks like Psyence Biomedical and Diginex Limited experienced notable declines, with Psyence down 19.6% and Diginex down 17.7% in pre-market trading.
Market Overview: The article provides a snapshot of various stocks' performance in pre-market trading, highlighting both significant gainers and losers.
Addentax Group Corp. Enters Into US$1.3 Billion Term Sheet for Proposed Acquisition of Up to 12,000 Bitcoins
Acquisition Announcement: Addentax Group Corp. has entered a non-binding term sheet to acquire up to 12,000 Bitcoins from a substantial holder, increasing the potential acquisition size from the previously discussed 8,000 BTC, with an estimated market value of approximately $1.3 billion.
Investment Strategy: The company aims to enhance its long-term Bitcoin investment strategy, leveraging the current bullish momentum of Bitcoin, while the final terms of the acquisition will be determined through mutual agreement and are subject to due diligence and approvals.
