Addentax Group Corp. (Nasdaq: ATXG) announced a strategic plan to acquire a significant crypto portfolio

Addentax Group Corp. (Nasdaq: ATXG) announced a strategic plan to acquire a significant crypto portfolio through equity financing.

Addentax Group Corp (NASDAQ:ATXG) announced a strategic plan to acquire a significant crypto portfolio through equity financing. The company aims to obtain digital assets, including Bitcoin and Official Trump tokens, by issuing new common stock. ATXG stock declined nearly 10% today, trading at $0.6045 as of 12:23 PM ET.

Bitcoin Acquisition Talks Underway

Addentax is in advanced discussions to acquire up to 8,000 BTC from a group of established crypto holders. Based on current market prices, the total value of the digital assets under negotiation stands at approximately $800 million. These talks remain non-binding, though the parties involved reportedly control the targeted assets.

The acquisition will proceed through a stock issuance model, exchanging equity for digital assets. This move reflects Addentax’s intention to diversify its holdings beyond traditional industries. The company seeks to improve liquidity while entering the digital asset market with scale.

ATXG (Addentax Group Corp) has outlined the acquisition as part of a broader blockchain adoption strategy. The company aims to establish a presence in digital finance through substantial long-term holdings. The stock-based structure could also attract participants who are experienced in blockchain and decentralized markets.

Official Trump Token Also Mentioned

Besides Bitcoin, Addentax confirmed its interest in acquiring other mainstream tokens such as Official Trump. These assets are also expected to be exchanged using common stock rather than cash. The sellers involved reportedly hold both BTC and these alternative tokens.

Addentax believes that mainstream digital assets will enhance its balance sheet strength. This approach offers dual advantages: adding liquid assets while onboarding strategic stakeholders. These stakeholders could offer market access and technical knowledge in the evolving crypto sector.

The company stated that the transaction will support its efforts to integrate digital assets into its treasury strategy. This mirrors moves by other public firms that have adopted Bitcoin as a reserve asset. Consequently, Addentax anticipates long-term value through direct exposure to key blockchain instruments.

Stock Down Despite Crypto News

Despite the crypto acquisition news, ATXG shares experienced a sharp decline during early trading hours. The stock's price opened with volatility, briefly touching $0.67. However, the share price fell steadily throughout the morning. As of midday, the stock had dropped by 9.78% amid broader market fluctuations.

Addentax, based in China, operates primarily in logistics and textile manufacturing. The new strategy marks a significant shift into financial technology and blockchain integration. If completed, the deal would represent one of a microcap U.S. company’s most considerable crypto asset acquisitions.

Market analysts note that the plan signals growing interest from traditional sectors in digital asset adoption. Addentax’s approach differs because it uses equity financing rather than fiat purchases to secure long-term crypto positions. The company expects this alignment to offer stability and growth potential.

Future Outlook

Addentax’s proposed $800 million crypto deal reflects an ambitious push into blockchain finance. The firm targets Bitcoin and other tokens through common stock issuance to diversify and strengthen its asset base. The outcome may reshape ATXG’s corporate direction and shareholder profile