According to The Block on the 15th (local time), Adentax recently announced that it was “securing cryptocurrencies including Bitcoin and Donald Trump’s meme coin.”
The company said it is in talks with the company's shareholders to purchase digital assets worth approximately $800 million. The company is listed on the Nasdaq OTC Market.
The Block recently announced plans to buy and hold Bitcoin.
He said that while more and more companies are announcing new rules, not all of them are substantial enough to be trusted. He cited this case as a typical example.
, a small Chinese clothing manufacturer listed on the Nasdaq OTC market, said on the day that it was in discussions with "influential" Bitcoin and other cryptocurrency holders for a total of $800 million.
The company issued a press release alluding to the possibility of buying assets on a global scale, including former President Trump's meme coin, TRUMP.
According to the IRS, Adentax has a market capitalization of just $4.4 million. In a press release, Adentax said, "Through individual discussions with these cryptocurrency holders,
"We have confirmed that these individuals hold a total of approximately 8,000 BTC and have a deep understanding of the cryptocurrency industry and a wide range of contacts," he said. "Adentax Group is pleased to announce this initiative.
We consider this to be the core of our long-term cryptocurrency asset investment and holding strategy, and at the same time, we want to strengthen our network by welcoming influential cryptocurrency holders as shareholders in our company.
"We are considering a deal with Adentax," he said, but added that no contract has been finalized yet. Adentax reportedly did not immediately respond to media requests for comment.
The company revealed that it plans to raise funds to purchase crypto assets through the issuance of common stock.
2025/05/16 16:19 KST
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