{"id":52620,"date":"2025-05-18T02:34:07","date_gmt":"2025-05-18T02:34:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bet-causes-wild-moves-in-addentax-shares\/"},"modified":"2025-05-18T02:34:07","modified_gmt":"2025-05-18T02:34:07","slug":"bitcoin-bet-causes-wild-moves-in-addentax-shares","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bet-causes-wild-moves-in-addentax-shares\/","title":{"rendered":"Bitcoin Bet Causes Wild Moves in Addentax Shares"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>This Chinese investment firm has grabbed attention after revealing plans to buy $800 million worth of <strong><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> <\/strong>and other cryptocurrencies. The announcement caused a temporary surge in its stock price before it fell back and dipped even further.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Addentax plans to buy 8,000 BTC and other cryptos including the TRUMP memecoin.<\/strong><\/em><\/li>\n<li><em><strong>The company\u2019s stock (ATXG) jumped, then dropped below its pre-announcement price.<\/strong><\/em><\/li>\n<li><em><strong>Addentax operates in traditional sectors like garments, logistics, and property.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>Addentax Group Corp., based in Shenzhen and listed on Nasdaq under the symbol ATXG, shared its crypto investment plans on Thursday. The company <strong><a href=\"https:\/\/igaming.org\/crypto\/chinese-textile-giant-addentax-to-acquire-8000-bitcoin-by-issuing-shares\/\">announced<\/a> <\/strong>it would issue new common stock to fund the acquisition of 8,000 Bitcoin and other digital assets, including Donald Trump\u2019s endorsed memecoin, TRUMP.<\/p>\n<p>Right after the news broke, ATXG shares surged from $0.72 to $1.68. But the excitement did not last. The stock price quickly reversed and now sits at $0.61, down nearly 9% in the past 24 hours and more than 20% for the week.<\/p>\n<h2>Crypto Strategy Amid Traditional Business<\/h2>\n<p>Addentax is not a typical crypto player. It is involved in garment manufacturing, logistics, property management, and subleasing. Still, the company says the move is part of a shift toward blockchain-related investments.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>CEO Hong Zhida explained the thinking behind the decision:<em> \u201cWe believe that certain established digital assets may serve as a stable component of the company\u2019s long-term holdings, given their liquidity and increasing institutional interest over recent years.\u201d<\/em><\/p>\n<h2>Future Partnerships and Discussions<\/h2>\n<p>The firm also mentioned it is actively holding talks with several well-known holders of Bitcoin and other major cryptocurrencies to help secure the assets. Though details remain limited, Addentax framed the crypto move as a part of its broader blockchain roadmap.<\/p>\n<p>Investors appear to be weighing the risks of Addentax stepping into crypto markets, especially considering its stock volatility and the speculative nature of some of the tokens it plans to acquire.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoin-purchases-sends-addentax-shares-up-then-down\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) This Chinese investment firm has grabbed attention after revealing plans to buy $800 million worth of Bitcoin and other cryptocurrencies. The announcement caused a temporary surge in its stock price before it fell back and dipped even further. Good to know Addentax plans to buy 8,000 [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":52621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52620"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52620"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52621"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}