Chinese Textile Giant Plans Massive $828M Crypto Play In Bitcoin, Ether, XRP, Solana, Cardano, SHIB, TRUMP
Textile manufacturing giant Addentax disclosed plans to acquire large digital asset holdings to diversify its balance sheet. The firm seeks a long-term holding pattern based on Michael Saylor’s strategy. This development comes following a rally in Bitcoin price in Q2 2025.
Addentax To Purchase Up To 8000 BTC
According to a latest press release, Addentax Group Corp announced ongoing discussions with several digital asset holders. This is in a bid to scoop up to 8,000 BTC worth approximately $828 million alongside other altcoins. Although the final agreement has not been reached, the company plans to issue shares of common stock to fund the deal.
The firm’s management stressed the need for long-term investment and to onboard crypto holders as shareholders. Top among the reasons is to strengthen the company’s balance sheet amid recent global and macroeconomic leanings. Digital assets have become attractive for most traditional investors as a hedge against inflation and more gains in the event of a price rally.
Hong Zhida, Addentax CEO, said the move follows the company’s blockchain strategy by introducing investors to the digital asset ecosystem.
“This initiative supports the Company’s broader blockchain strategy by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem. We believe that certain established digital assets may serve as a stable component of the Company’s long-term holdings, given their liquidity and increasing institutional interest over recent years.”
Per the release, the company plans to pick up altcoins, including Official Trump and related assets. Aside from Bitcoin, traditional firms shifted their attention to altcoins anticipating an incoming alt season and spot ETF approvals in the United States.
Traditional Firms Drive BTC Adoption
This year, institutional investment in Bitcoin has spiked significantly raising year-end bullish projections. The approval of spot BTC ETFs in the United States spurred the adoption in traditional circles. These investors increased their exposure spiking total holdings in these products above $65 billion.
Interestingly, analysts opine that the United States’ pivot to a crypto-friendly regime will give new adopters a soft landing. This shift has seen the asset’s price rally to new all-time highs, to the delight of whales and retail holders. Bitcoin reclaimed $103,972 at press time, recording double-digit weekly gains amid growing institutional volumes.
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Chinese Textile Giant Plans Massive $828M Crypto Play In Bitcoin, Ether, XRP, Solana, Cardano, SHIB, TRUMP
Textile manufacturing giant Addentax disclosed plans to acquire large digital asset holdings to diversify its balance sheet. The firm seeks a long-term holding pattern based on Michael Saylor’s strategy. This development comes following a rally in Bitcoin price in Q2 2025.
Addentax To Purchase Up To 8000 BTC
According to a latest press release, Addentax Group Corp announced ongoing discussions with several digital asset holders. This is in a bid to scoop up to 8,000 BTC worth approximately $828 million alongside other altcoins. Although the final agreement has not been reached, the company plans to issue shares of common stock to fund the deal.
The firm’s management stressed the need for long-term investment and to onboard crypto holders as shareholders. Top among the reasons is to strengthen the company’s balance sheet amid recent global and macroeconomic leanings. Digital assets have become attractive for most traditional investors as a hedge against inflation and more gains in the event of a price rally.
Hong Zhida, Addentax CEO, said the move follows the company’s blockchain strategy by introducing investors to the digital asset ecosystem.
“This initiative supports the Company’s broader blockchain strategy by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem. We believe that certain established digital assets may serve as a stable component of the Company’s long-term holdings, given their liquidity and increasing institutional interest over recent years.”
Per the release, the company plans to pick up altcoins, including Official Trump and related assets. Aside from Bitcoin, traditional firms shifted their attention to altcoins anticipating an incoming alt season and spot ETF approvals in the United States.
Traditional Firms Drive BTC Adoption
This year, institutional investment in Bitcoin has spiked significantly raising year-end bullish projections. The approval of spot BTC ETFs in the United States spurred the adoption in traditional circles. These investors increased their exposure spiking total holdings in these products above $65 billion.
Interestingly, analysts opine that the United States’ pivot to a crypto-friendly regime will give new adopters a soft landing. This shift has seen the asset’s price rally to new all-time highs, to the delight of whales and retail holders. Bitcoin reclaimed $103,972 at press time, recording double-digit weekly gains amid growing institutional volumes.
Read More