More and more companies have recently announced plans to buy and hold Bitcoin, but not all declarations can guarantee drum rolls.
On Thursday, Microcap China -based apparel manufacturer, Addentax Group Corp., released a curious press release that issued curious press release on Thursday.
According to Yahoo Finance, the company’s market cap is only $ 4.4 million.
“Based on a separate dialogue with the encryption holder, it is believed that they have about 8,000 BTCs with profound understanding and network in the encryption world,” the press release said. “AddDentax Group Corp. and its executives consider this initiative as a core measure of a company that supports the company’s long -term investment and holding strategy, and at the same time, we bring influential passwords to shareholders to build a company network.”
The company said, “I couldn’t reach the decisive contract.” Addentax did not immediately respond to requests.
Addentax said it plans to issue common stocks to fund the acquisition of encryption. According to Yahoo Finance, stocks traded in the OTC market in NASDAQ have dropped 72 cents from about 7%as of 1 pm, Crypto Plan suggested that investors were not impressed.
Addentax is called “China -based clothing manufacturer and logistics service provider”, but in Thursday press release, the goal is to join a company that adds Bitcoin and other cryptocurrencies that potential cryptocurrency purchases are reflected in the long -term strategic view of the executives of the evolving digital asset environment.
Addentax CEO Hong Zhida said, “This initiative supports the company’s extensive blockchain strategy by introducing strategic investors with the potential of digital assets such as Bitcoin and experiencing the encryption ecosystem.”
There are currently dozens of companies that have adopted any form of bitcoin finance. CANTOR FITZGERALD, Softbank, Bitfinex and Tether recently announced that they plan to launch a $ 3.6 billion Bitcoin venture, TWENTY ONE. They adopted a Bitcoin acquisition model similar to the Bitcoin acquisition model (formerly Microstrategy) similar to strategies such as Semler Scientific, Kulr and Metaplanet.
correction (May 15, 21:00 UTC): Addentax’s market cap is only $ 4 million.
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