Chinese Firm Goes Big on Crypto with Bitcoin + Trump Coin Play
Addentax Group Corp — a Shenzhen-based logistics and service provider — just revealed it’s planning a massive move into crypto. In a press release, the company announced its intention to acquire up to 8,000 Bitcoin and Trump (TRUMP) memecoin, a bold play worth around $800 million at current market prices.
The company isn’t paying cash — it’s issuing shares of its common stock to secure the deal. Negotiations are currently underway with several large holders in the crypto space, but no final agreements have been made yet. Still, the sheer scale of the plan is turning heads.
According to CEO Hong Zhida, this isn’t just a hype play. He says the initiative is part of a long-term blockchain strategy designed to bring experienced crypto players into the fold and reinforce Addentax’s financial standing with globally recognized digital assets.
“We believe these assets could become core components of our long-term holdings,” Zhida said. “They’re liquid, increasingly institutional, and align with the future we see coming.”
The announcement has stirred chatter in both corporate and crypto circles, not only because of the potential size of the deal, but because TRUMP, the memecoin tied to former U.S. President Donald Trump, is being included alongside Bitcoin.
If finalized, this move could position Addentax as one of the few traditional Chinese firms with major exposure to crypto — and potentially change how investors look at cross-border blockchain plays.
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