BTCC
/
BTCC Square
/
CryptotimesIO
/
Chinese Giant Addentax Plots $1.3B Bitcoin Acquisition Through Bold Stock Swap
Chinese Giant Addentax Plots $1.3B Bitcoin Acquisition Through Bold Stock Swap
19
3
Move over, MicroStrategy—China’s Addentax just upped the corporate Bitcoin arms race.
The textile-turned-crypto conglomerate wants to swallow $1.3 billion worth of BTC via a stock deal, proving even traditional firms now see digital gold as balance sheet Viagra.
Wall Street analysts are already placing bets: visionary pivot or desperate Hail Mary for a company that once measured success in thread counts?
By:
