NASDAQ-listed Addentax Plans to Raise $200 Million via Share Placement to Support Cryptocurrency and AI Strategy

Odaily News: Nasdaq-listed Addentax Group announced that it has signed a memorandum of understanding with two investment institutions, planning to raise a total of $200 million by issuing common shares to support business growth in the fields of artificial intelligence (AI) and cryptocurrency financial services. The company proposed a long-term investment and holding strategy for crypto assets last year, planning to acquire up to 12,000 Bitcoins and other cryptocurrencies such as TRUMP. (PRNewswire)