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    Home»Bitcoin»Shares of Chinese language Attire Agency in Uneven Buying and selling After Asserting $800,000,000 Bitcoin and Crypto Funding Technique – The Every day Hodl
    Shares of Chinese language Attire Agency in Uneven Buying and selling After Asserting 0,000,000 Bitcoin and Crypto Funding Technique – The Every day Hodl
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    Shares of Chinese language Attire Agency in Uneven Buying and selling After Asserting $800,000,000 Bitcoin and Crypto Funding Technique – The Every day Hodl

    By Crypto EditorMay 17, 2025No Comments2 Mins Read
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    Shares of a Chinese language funding holding firm have been unstable for the reason that agency rolled out an $800 million Bitcoin (BTC) and crypto funding plan earlier this week.

    On Thursday, the Shenzhen-based Addentax Group Corp. introduced plans to problem shares of its frequent inventory to purchase 8,000 BTC and purchase undefined quantities of different crypto property, together with President Donald Trump’s official memecoin (TRUMP).

    The agency’s shares, listed on the Nasdaq as ATXG, have been priced at $0.72 earlier than the announcement however rapidly jumped to a excessive of $1.68 later that day.

    The inventory then promptly retraced and dipped even decrease than its authentic value and is now buying and selling at $0.61. ATXG is down practically 9% up to now 24 hours and greater than 20% up to now 5 days.

    Addentax makes a speciality of garment manufacturing, logistics providers, property administration and subleasing.

    The agency notes it has been in discussions “with quite a few substantial and influential Bitcoin and different mainstream cryptocurrency holders” to facilitate the upcoming acquisitions.

    Addentax chief govt Hong Zhida says the investments are a part of the agency’s “broader blockchain technique.”

    “We imagine that sure established digital property could function a steady part of the corporate’s long-term holdings, given their liquidity and rising institutional curiosity over current years.”

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    Shares of Chinese language Attire Agency in Uneven Buying and selling After Asserting $800,000,000 Bitcoin and Crypto Funding Technique – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in internet affiliate marketing.

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