Chinese Apparel Company Listed in the US to Acquire ¥120 Billion Worth of Bitcoin and TrumpCoin

On the 15th, Adentax Group, a Chinese-American textile and apparel company listed on NASDAQ, announced that it is advancing discussions to acquire up to 8,000 bitcoins (BTC) and 'Official Trump (TrumpCoin)' among other major cryptocurrencies, with a total estimated value of $800 million. The company plans to acquire these assets through the issuance of common stock, although no final agreement has been reached at this time. CEO Hong Zida commented, 'This initiative supports our extensive blockchain strategy and promotes the acquisition of cryptocurrencies such as bitcoin, as well as the introduction of strategic investors who are well-versed in the cryptocurrency ecosystem.' The company aims for high liquidity...